ICICI Bank has broken into unchartered territory with attaining an ATH. I have also plotted the Fib retracement for the fall in March 2020 and the chart pattern has played out the Support n Resistance levels at the the key levels of Fib retracement. Now the chart has also broken the 1.618 level mark and expect it to continue its upward journey to the next level of 2.618 which shall be somewhere close to 981. There is an immediate support zone at 670-680 levels which was the immediate resistance which was broken recently. The vol. profile levels from 1 to 1.618 show a strong value zone at 625-630 levels which shall act as the medium term support.
Guys let me know if you can value add further on this analysis. Let me also know if I am going wrong in the analysis.
Guys let me know if you can value add further on this analysis. Let me also know if I am going wrong in the analysis.