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ICICI BANK IS TRADING IN A BULLISH ASCENDING TRIANGLE

NSE:ICICIBANK   ICICI BANK
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
Trade active: please note it is a ascending channel not triangle

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