dvpk1968

ICICIBank - at Crucial point

Short
NSE:ICICIBANK   ICICI BANK
1. ICICI Bank is in a strong down turn on daily and lower time frames while Sideways to down on weekly while still up on monthly
2. For several days, the channel formed is being respected. However, tomorrows price move will decide if the stock will further slide down to the below support @275 or change the trend to upside on daily

My personal view is, the channel will be in tact and price may move further south.

Any comments / views?
Trade active: it is respecting the channel trend and the stock is moving in the downward direction. It is possible to move close to 275 level

Comments

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