SLow & steady wins the race. It will break the channel may be in 1 or 2 weeks. But for tomorrow it may create HL, due to weakness in the volume. Lets see
We can see a double bottom in 1 hour . we can expect the price to be moving above forming a ' W ' pattern . we can expect the price to be going above 665. But there is still a little chance of the price bouncing back at 643 resistance if it bounces then there is chances for the price to drop till 593
icici bank has given a breakout ! buying can be seen only if resistance zone acted as a support zone! this in not a financial advice only an trade idea!
ICIC Bank is trading in a range which is narrowing. Breakout or Breakdown may give a good trade. Long Bias. Happy Trading
Simple S/R levels based on trading range. Enter and wait for MFI to fall some before the up move proceeds.
ICICIBANK can be seen forming a Cup N Handle pattern on Daily TF. Breakout imminent on close above 680 levels today. Good for a short term swing long.
BUY @677.90 (TRIGGER) STOPLOSS- 639.05 TARGET- 743.45 RESPECT RISK/STOPLOSS HAPPY TRADING
Looks good at 685 for positional. Sl below the breakout area.
ICICI bank may breakout the channel from 2017, since banknifty is not performing like nifty50. Nifty going to set new ATH but Banknifty still 2700pts lesser than 16-Feb'21. Note: Only ICICI BANK is trading at ATH in banking sector.
Details in the graph itself.
Icicibank cmp 676 #Ghc3BarDecider
#ICICIBANK 680 is the minor resistance. wait for the breakout. Result are spectacular. Looking good for long.
After a long time "ICICI Bank has given a breakup, there is a high possibility to give big move in coming days