ICICI Bank: Go for ShortAs per request of People.
In ICICI go for short . Now in Downtrend and also retraced level of 0.3. Best time to short selling. Also form Bearish Engulfing.
CMP: 781.15
Target 1: 753
Target2: 709
You also go for Long term buy on dip strategy with five time investment.
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ICBA trade ideas
ICICIBANK Trade Setup for TomorrowICICIBANK Formed Double Bottom Pattern and has given a breakout. Wait for a retest and based on that, one can look for buy side entries.
We can see the rise in volumes which shows that buyers are in control.
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ICICIBANK Intraday support and resistances 24/01/2022 after Q3ICICIBANK has posted exceptional Q3 results and is expected to open gap up on Monday, we can expect to see levels of 820-840 on Gap up, if this gap up sustains we can also see levels of 850/860 Intraday itself,
If there is no gap up, these levels can also act as Intraday Resistances
ICICI Bank: Bank on it for a good moveCurrently, ICICI Bank made a rebound after a correction. Levels of 747, 765 and 805 can be immediate resistance on the way up.
If the rebound fails, then, look for strong support at 710, below which 692 is another support zone.
Also, 734-682 looks like consolidation range and hopefully the stock should stay in this range if it falls.
Going bullish, a target of 843 and 974 in the medium to long term looks probable.
ICICI BANKNSE:ICICIBANK is the best fundamental company in the banking sector.
After the gap up of 25th Oct stock fills the gap on the daily time frame, and now taking very strong support from 734 level.
Investors can buy this dip of 10% from the all-time high, it will be a very good investment for future.