ICICI bank has been following a strict trend for a while now. After breaking out from the trend it came down for a retest of the same zone. The retest seems to have sustained that it has now bounced upwards with a formation of MORNING STAR pattern signaling bullish pattern. With good support from the bank nifty, ICICI will follow a new trendline with higher highs and higher lows.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.
Sir I have icici bank mar 700 ce at 11 rs 1 lot and it came down to 7.5..kya kare isme?? Loss book karlya kya aur intezar karu?
I have611080 also invested 1 lakh in ICICIBA k cash at 631 ..isme bhi jara sala dijiye plz
kjVish
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@tanmoyg112, It still looks good on the Day chart, ICICI still has firepower left. One should exit ICICI if it breaks down below 605 levels only. However, I cannot comment on the F&O segment as I do not trade much in it.
Bank nifty can take it further upwards or downwards. PS: this is not investment advice but my opinion. Stay cautious, be patient. :)