NSE:ICICIBANK
fresh long only and only above if it close and stay above 550. till 550 every rise is short opportunity. use your trade set up and enjoy profits. wish you a very very healthy and wealthy and happy new year in advance🎈🎆✨🎉🎊🎄
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...
Target 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...
After a steep fall due to covid-19, ICICI bank is 2nd most tracked stock in the world right now. Of course the fundamentals ae great, so why ICICI is not able to break its 1/3rd retracement level. ICICI is given buy rating by most of the broker, why? The stock is stuck in an accumulation rectangle pattern, which is a bullish pattern after the decline. If it...
ICICI Bank given false break out of channel upper side and then fall. Now price Breaked channel on lower side. ICICI Bank has a support around 439-441 and RSI showing diversion at lower level. Let's see, Where it will go!
Disclaimer:- your capital at risk, consult your financial advisor before do any action and do own analysis research.
Note: This is for educational purpose only.
There seems to be a build up near resistance which indicates strong buying pressure coming up. RSI above 60 further adds to the indication of bullish momentum.
