ICICI Bank Analysis - Continuous, Just as the Markets !

19 Oca

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

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1-18-2024
GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment.
Immediate support around 975 price area

19 Oca

Not

Intraday 1s Renko setting. Mostly Sideways at the moment

19 Oca

Not

Hourly Chart analysis
RED TrapZone is barely starting. with RED UMVD. BARS Are RED too. can be a BEAR/BULL Trap here

19 Oca

Not

Daily analysis
GAP over GREEN TrapZone closed after RED UMVD for a while that started around the TOP. RED UMV in place at the moment.

22 Oca

Not

GREEN TrapZone and GREEN UMVD just starting. we can see prices pushing higher. I would keep an eye on GREEN BARS and that UMVD stays GREEN.

23 Oca

Not

Up Trend with GREEN TrapZone but RED UMVD pulls the prices down.

24 Oca

Not

Prices surrendered to RED UMVD - I think we have Trapped Buyers again here.

24 Oca

Not

25 Oca

Not

Latest - Buyers seems to be coming in but the price is not responding. The RED TrapZone is Intact and price is not travelling above to change its direction

29 Oca

Not

Hourly Check In - GREEN Coming in after the Divergence at the current bar pushing the prices.

30 Oca

Not

Latest Intraday

1 Şub

Not

Latest Intraday

5 Şub

Not

Side By Side analysis - Very Choppy as the Uptrend is trying to catch some steam. GREEN UMVD On the short term Renko shows Bulls operating.

9 Şub

Not

Still choppy and sideways action.

16 Şub

Not

Continues with ZiG Zag and Trapping everyone. In retrace to the downside at the moment.

25 Şub

Not

Seems like its Breaking Up now. Class A entry was clean and Buyers building the Trend on the Renko.

25 Şub

Not

6 Mar

Not

Latest - Great Class B Entries were notes. Short term Profit taking is evident on the Renko UMVD. It may retrace ?

21 Mar

Not

Hourly Technical Analysis Check In
Definitely strong Trend Up with Angle 8 - Mature though. Look for parabolic climax