ICICI BANK LTD.
Long

ICICIBANK : Possible BO - Reasons

39

Currently, SMA 20/50/100/150/200 days - all are withIn 3% range

Trend: Monthly is +ve already and Weekly is Changed to +ve

Close crossed Weekly and Monthly Pivots Upside

Today closed with a strong Marubozu candle.

Close is above 20 SMA on Daily, Weekly, and Monthly time frames.

Above 734 next 764, 776 and then strong upside move possible.

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