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.
Comment:
Reached 840 on Friday and closed marginally below at 838.20
