Target 1: 615
Target 2: 690
Stop Loss: 525
There may come a correction to lower levels first and then the longing opportunity may come, wait for 560 levels.
Decreasing Volume indicates the possibility of a decent short as well but does not seem a big threat.
Note: The post is only for education purposes.
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.
ICICI bank is following a parallel channel. Today It took support exactly at the lower channel on the hourly chart. So I think we should go long with ICICI bank.
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INTRA-DAY TRADE IN ICICI BK MAY FUT
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!!please adjust for future rates!!
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ICICI 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.
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ICICI Bank trading along a rising channel. Currently it has hit a resistance area. A break and close above 425 might take it towards 430 and 437. However, if the resistance is to hold price could fall to the bottom end of the channel.