The chart depicts the current price structure in ICICI bank. Key points✅
✅in weekly chart, price movement in rising wedge and in past, significant return generated from support level
✅currently price at long term support level.
✅in daily chart, price moving in parallel channel between Rs 940 to Rs 1000
✅above 200 ema but below 50 &20 ema
✅potential return 10% from current level with favourable risk and return factor.
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
✅in weekly chart, price movement in rising wedge and in past, significant return generated from support level
✅currently price at long term support level.
✅in daily chart, price moving in parallel channel between Rs 940 to Rs 1000
✅above 200 ema but below 50 &20 ema
✅potential return 10% from current level with favourable risk and return factor.
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Comment:
the price showing strength from support level!!
