icici long entry above 650
target 1: 653
target 2: 658
sl: 647
icici showed support at 640 zone, we see an up move from there, today we are seeing a pullback from 653.5 to low of 647.
We can look for an up move after this pullback. Enter long above 650 with stop loss at 547.
ICICI Bank has been in a downward correction in the past few months.. A breakout past Rs 580 would trigger a bullish triangle breakout pattern too. Go long in ICICI Bank above Rs 580 with a stop loss at Rs 570 for targets of Rs 605 & 615.
Long @560
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.
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.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do...
