Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly. This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!! DO NOT FORGET to put your own STOPLOSS!!
If the price is unable to take out the red zone in 1hr & 4hr time frame then it will consolidate in between the red and green zones. If overall market sentiments are negative & do not sustain the green zone then it will fall to the redline. ICICI Bank is a portfolio stock and investor can buy it on every dip, in every fall of price to invest in it for the long term.
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The fact that it has provided a long wick candle indicates a positive movement in the coming week. It's important to watch out for any negative news. The market is moving mainly with sentiments than with technical analysis now. Anyway, ~350 is also a strong S/R level for ICICI, if it moves above 350 range Monday with good volume, I think it will go up to 370 easily. Provided no negative news comes in the way.
bro i think after retest it will fall down immensly
Lakshmundhada
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@ashvathama89, We will not assume from now until it touches the red zone. We have to see the price action after it gets into the red zone then we have to assume & decide.