ICICI Bank looks bullish and is trading above the 200 day moving average.
Can see a upward move to 840-870 in the short to medium term.
The neckline of a double bottom pattern at 756 can act as a support, however, if that breaks 733 is the next support zone.
If 733 fails to sustain on the downside then a move below 700 is possible.
Always plan your trade with a strict stop loss.
Not a buy/sell recommendation.
Can see a upward move to 840-870 in the short to medium term.
The neckline of a double bottom pattern at 756 can act as a support, however, if that breaks 733 is the next support zone.
If 733 fails to sustain on the downside then a move below 700 is possible.
Always plan your trade with a strict stop loss.
Not a buy/sell recommendation.
Note
Reached 840 on Friday and closed marginally below at 838.20
Related publications
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.
Related publications
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.