Icicilong
ICICI Bank Upside Movement Long TermLong @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 | 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)