#ICICIBank notices #NR7IB in weekly scale (H=549.35, L=536). Volatility contraction with #NR7IB formation suggests some gigantic move is on offering in coming weeks at least 7-10% on either sides. Structurally this is the only banking stock which looks good as compared to all other peers . There is significant drop in volumes in recent weeks. Will positionally trade the above range breakout on daily closing basis.
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