ICICI Bank Analysis - Continuous, Just as the Markets !

19 sty

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 sty

Uwaga

Intraday 1s Renko setting. Mostly Sideways at the moment

19 sty

Uwaga

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

19 sty

Uwaga

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 sty

Uwaga

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 sty

Uwaga

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

24 sty

Uwaga

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

24 sty

Uwaga

25 sty

Uwaga

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 sty

Uwaga

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

30 sty

Uwaga

Latest Intraday

1 lut

Uwaga

Latest Intraday

5 lut

Uwaga

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 lut

Uwaga

Still choppy and sideways action.

16 lut

Uwaga

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

25 lut

Uwaga

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

25 lut

Uwaga

6 mar

Uwaga

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

21 mar

Uwaga

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