AbhishekHSinghCMT

ICICI Bank- Below 239- Looking for Support Zone 236-237

Short
NSE:ICICIBANK   ICICI BANK
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5
Below 239- Bank could travel in the zone 236-237 but not much left downside as momentum is slowing down likely if it bounces above 240 later from the fall that could be seen as a recovery in the bank & we could see it travelling into 255-257 zone ((ii))-((iii)) wave is retraced 38.2%- This is just an assumption so let us wait for the market to show us the way out.

What we are looking next is support in the zone 236-237 zone. Which was earlier demand zone .

Trade active: 17:58 Hrs 17th Oct2016

ICICI Bank- Up -Up & Away. Opened at 246 & made a high@259.90 as expected 260 from earlier updates.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

Fantastic Analysis
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What happens ? chart clearly showing limited down side for an up trend and U recommended a sell ?
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just for 2-3 bucks
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AbhishekHSinghCMT AbhishekHSinghCMT
we never know also whether that 236-237 holds -if breaks then it will be a problem so we want a bounce from that zone then we will have good upside potential-this all happens when index supports the overall view
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