Great run up since the IPO in September 2016. However since then its trading in a band of 300 - 550.
The Chart indicators are weak. There's twizzer top pattern at the current levels. RSI is near the oversold region, so might stablise before crashing.
The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is...
AS YOU CAN SEE IN ICICI BANK PRICE TOOK A SUPPORT AT 0.5 RETRACEMENT LEVEL . THIS INDICATES PULLBACK HAS DONE AND PRICE IS HEADING TOWARDS UPSIDE , UPSIDE BREAKOUT CAN GIVE A GOOD MOVE
Now Icicipru won't rise until it closes above 538 on Day Closing Basis.
Closing Price - 499.7
Any Rise Close To 525-530 Sell It In Future With Strict SL Of 538 (DCB), Target - 10-15% From Selling Price..
ICICIBANK saw selling pressure after reaching 679, falling to 606. now it seems to have broken its downward trend and might consolidate before beginning its upwards trend.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for...
ICICIBANK looks oversold. Support level at 625.5
Looks good for short term gain.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views, I am still learning.
-icici bank saw a downward trendline breakout on the upside
-the stock also managed to capture back its 20/50 ema
-looking more like a pole flag pattern icici bank looks strong on the upside
-one can go long with @545-548 levels
-stop is near day low @537
-target can be @556-563-570 on the upside for short term
-in a weak financial market icici bank is...
-stock as explained earlier had broken out of a bearish trendline
-the stock did retest the los of 540-538
-but bounce back to reclaim 550 on closing basis
-we have seen that whenever a big private bank breaks all time high
-it has managed to rally upto 20%
-keeping that in mind one can execute positional long in icici bank
-buy near 550-546
-enter a stop near...
ICICI bank is about to break its previous all time high very soon. It already tried twice but failed. Might break it next time. Keep a watch. Plan your trade accordingly.
ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations.
*Stock Analysis*
-- Stock made a breakout at 490 levels. If it sustains then it can move up to 550 levels.
-- Good Volume confirmation
-- RSI Indicator above 50(on Daily chart) shows a buy sign
-- Once it touch 550...
