ICICI BANK IS TRADING IN A BULLISH ASCENDING TRIANGLE
ICICI BANK REVIEW
-STOCK HAS A VERY CRUCIAL SUPPORT LEVEL OF 340
-TODAY MARKET REVERSED FROM A LOW OF 343
-A BREAK BELOW 340 WILL ALLOW ICICI TO TEST 324 ON THE DOWNSIDE
-BUT SINCE THE PATTERN IS VALID WE CAN SEE A NEW UPMOVE AGAIN FROM HERE
-INITAL TARGET BEING 375
-ICICI CAN ENTER INTO A GOOD BULLISH MOMENTUM ABOVE 395
-WHERE THE 200-EMA IS PLACED FOR NOW AND WHICH WILL FALL FURTHER
POSITIONAL VIEW OF ICICI BANK IN AUGUST MONTH
BUY@350-345
STOP@335
TARGET@375
ONCE TARGET IS ACHIEVED WE WILL REVISE FURTHER
-STOCK HAS A VERY CRUCIAL SUPPORT LEVEL OF 340
-TODAY MARKET REVERSED FROM A LOW OF 343
-A BREAK BELOW 340 WILL ALLOW ICICI TO TEST 324 ON THE DOWNSIDE
-BUT SINCE THE PATTERN IS VALID WE CAN SEE A NEW UPMOVE AGAIN FROM HERE
-INITAL TARGET BEING 375
-ICICI CAN ENTER INTO A GOOD BULLISH MOMENTUM ABOVE 395
-WHERE THE 200-EMA IS PLACED FOR NOW AND WHICH WILL FALL FURTHER
POSITIONAL VIEW OF ICICI BANK IN AUGUST MONTH
BUY@350-345
STOP@335
TARGET@375
ONCE TARGET IS ACHIEVED WE WILL REVISE FURTHER
Trade active
please note it is a ascending channel not triangle
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.