If you consider the simple support and resistance zone trading then this post is for you.
Icici bank had good results and the stock had rallied since. But now Icici is in resistance zone.Purely on technical basis I see downside on this stock at least of 10-15 points i.e. for a target of 310-315 at least.
If the stock continues above this range without consolidation then in the future we may see even bigger correction :)
Let me know, what you guys think about this analysis.ICICI
Icici bank had good results and the stock had rallied since. But now Icici is in resistance zone.Purely on technical basis I see downside on this stock at least of 10-15 points i.e. for a target of 310-315 at least.
If the stock continues above this range without consolidation then in the future we may see even bigger correction :)
Let me know, what you guys think about this analysis.ICICI