Get started

Icicibanklong

ICICI Bank - Overbought already ICICI bank has posted impressive Q3Y20 results last week. However, market seems to have already factored optimism in the price. Because, price has not reacted to quarterly results. Overall, ICICI bank on a monthly price movement read along with RSI appears in an overbought zone. Monthly RSI is 78 ~ 80. Interestingly, price has posted 52 weeks high well before the announcement of Q3Y20. Since then, the price has failed to post higher high or breach 52 weeks high. This means, 52 weeks high had fair amount of Q3Y20 results and consequent re-estimation of FY20 & FY 21 factored. One should buy ICICI on dips but only when dilutes its overbought status. A good price band to buy is 510 ~ 524
NSE:ICICIBANKLong
by datepuru
ICICI BANK WEEKLY CHART ANALYSISHI PREVIOUSLY I GAVE SHORT IDEA IT WAS SHOWING BEARISH DIVERGENCE BUT SOMETIMES OUR ANALYSIS FAILS NO BIG DEAL NOW THIS IS A WEEKLY CHART AND FOR SURE WE CAN SAY A CHANNEL EXISTS AND IT IS RESPECTING CHANNEL LINE NOW UPPER LINE IS A BIG HURDLE STOCK MUST CLOSE ABOVE IT FOR THE TARGET OF 523.6 BUT AS IT IS A WEEKLY CHART NEXT CANDLE WILL BE FORMED ON 18TH NOVEMBER THEN ONLY WE WILL BE ABLE TO CONFIRM IF UPPER LINE IS BREACHED ON CLOSING BASIS AND WE HAVE TO BE CAUTIOUS IF CURRENT CANDLE TAKES RESISTANCE FROM UPPER LINE AND MIGHT MAKE REJECTION DOJI KIND OF CANDLE GOOD LUCK NOTE: FOR EDUCATION ONLY TRADE AT YOUR OWN RISK
NSE:ICICIBANK
by UnknownUnicorn2321966
ICICI Bank | Rising ChannelICICI Bank trading through a rising channel. 435.5 to 436.75 region seems like a good support zone and that can be expected to hold on well. Once if price breaks above 444, we can expect a quick move to 450 and even beyond. Demand areas noted in chart. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:ICICIBANK
by AkhilSuryaFS