ICICIBANK
Stock Analysis of ICICI BankPrice - ₹387.50 Date - 08-10-2020.
Today 21DEMA given the close above 50DEMA. Stock can come till ₹380.60 to test the support line. The stock can break the support line and can go near 21DEMA. In past whenever the stock took the support of 21DEMA, it has given return around 5-7%. You can purchase stock around ₹380.
Jubilant Food Possible Short Term LongPrice went all time high & came down a bit, if you are planning to buy tomorrow when the market opens at this price, you need to ask yourself this question:- 'Who is buying this stock at this high price?'
There are two zones to buy, look for price action there. The price could even break the high & form a new structure.
Nifty should go all the way down, if it comes to that zoneStop looking at the charts as a retail trader & look where the big money is located. Price doesn't stop because of support or resistance, Big banks don't care about your support & resistance, head & shoulders pattern, trend lines, cup & handle and all that bullshit.
ICICI BANK (SHORTTarget 1 326.50
Target 2 302.35
Target 3 295.80
(If it Breaks and Sustain below)
Than Next Target is 261.05
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Disclaimer: I am not SEBI Registered, before taking any positions to contact your financial advisor,
I am not responsible for any Profits or Losses, whatever Iam providing here is the purely
educational and informational point of view
ICICI BANK LOOKS UPSIDE FIREICICI BANK trending in the Channel range and looking upside Breakout with upside volume crossover
ICICIBANK LOOKS UPSIDE FIRE
VOLUME SHOWING UPSIDE CROSSOVER
CHANNEL BREAKOUT LIKELY TO HAPPEN
CMP @371.55
UPSIDE 380-392-400
SUPPORT RANGE -- 364-361
7 TRADING DAYS
{MY ALL VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}