ICICI Bank Analysis - Continuous, Just as the Markets !

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

--------------------

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

Commento:

Intraday 1s Renko setting. Mostly Sideways at the moment

Commento:

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

Commento:

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.

Commento:

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.

Commento:

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

Commento:

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

Commento:

Commento:

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

Commento:

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

Commento:

Latest Intraday

Commento:

Latest Intraday

Commento:

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.

Commento:

Still choppy and sideways action.

Commento:

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

Commento:

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

Commento:

Commento:

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

Commento:

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