ICICI Bank charts indicate a cup and handle pattern
Can be seen moving towards 740 levels and if crosses 800 could be. SL can be 605.
RSI seems to be good . R is good at proportion.
Accumulate in dips , could give good returns for a long run.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
It has formed a good triangle pattern with good support at the base and now I think it has retraced. so good chance to go long.
Given Chart is only for educational purposes only, not responsible for any profit or loss, I am not Sebi registered or any Stock market expert.
ICICI Bank: 10 yr upward channel consolidation breakout with retest...if bank nifty goes bullish from here then stock to watch is ICICI bank, axis bank and sbi bank...any dip in nifty/bnf then add one from these 3 in portfolio...tgt 680/720/771 with sl of 557...also on daily chart its inverse head n shoulder.
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