Price range of 141.15 - 142.10 is crucial one can initate the trade on a long side only if the price goes above 142.10 and sustains for 2-3 trading days.
Currently the range of 141-142 is acting as strong resistance
Target 1: 163/165
Target 2: 170/172
Target 3: 183++
S H Kelkar OVerview:
Sector : chemicals
Business: One of the india's largest player that...
ICICI Bank - Bearish
One can short from current level with a SL of 704.
Note: On a weekly TF the stock has broken 50 EMA and hence on a shorter term the chart set-up in bearish.
644-650 seems to have a strong support level.
Can start accumulating from 660/650 and keep space for lower levels.
Caution: If it breaks (Weekly TF) downfall of more...
Whenever this scrip has taken a support and bounced from 5o DMA with good volumes it has taken swing of average 25%-30%.
50 DMA is acting has a good support for the srip.
Buy on Dips
SL: 50 DMA.