ICICI Bank Ltd view for Intraday 11th Jan #ICICIBANK Resistance 1275 Watching above 1290 for upside movement... Support area 1240 Below 1260 ignoring upside momentum for intraday Support 1240 Watching below 1237 or downside movement... Resistance area 1275 Above 1250 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
ICICI Bank Ltd view for Intraday 6th Jan #ICICIBANK Resistance 1275 Watching above 1277 for upside movement... Support area 1240 Below 1260 ignoring upside momentum for intraday Support 1240 Watching below 1237 or downside movement... Resistance area 1275 Above 1250 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
As of January 1, 2025, ICICI Bank Limited (ICICIBANK) is exhibiting the following support and resistance levels:
Support Levels:
Immediate Support: ₹1,278 – ₹1,274
Next Support: ₹1,268
These levels suggest that if the stock price declines below ₹1,278, it may find support around ₹1,268.
Resistance Levels:
Immediate Resistance: ₹1,288 – ₹1,294
Next Resistance: ₹1,298
If the stock price surpasses ₹1,294, it could encounter resistance near ₹1,298.
These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions.
For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful:
ICICIBANK As of December 26, 2024, ICICI Bank Limited (ICICIBANK) is trading at ₹1,297.25. For intraday trading, the following support and resistance levels have been identified:
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
#ICICIBANK Breakout on the stock. After 4 days of consolidation, stock has given a breakout from it. Target 1362 Stop loss 1330 I am just representing my views For educational purposes only.