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TheUnlearningOne
Jul 18, 2022 12:33 PM

ICICI BANK looks good to bank on... Long

ICICI BANKNSE

Description

ICICI Bank looks bullish and is trading above the 200 day moving average.

Can see a upward move to 840-870 in the short to medium term.

The neckline of a double bottom pattern at 756 can act as a support, however, if that breaks 733 is the next support zone.
If 733 fails to sustain on the downside then a move below 700 is possible.

Always plan your trade with a strict stop loss.
Not a buy/sell recommendation.

Comment

Reached 840 on Friday and closed marginally below at 838.20
Comments
johntradingwick
This publication has been chosen for the Editor's Picks and will be featured on in.tradingview.com/ideas/editors-picks/.

Thank you for your valuable contribution to the Tradingview community and keep up the good work!
TheUnlearningOne
@johntradingwick, Thank you!!!
dhawal.joshi1
Chart says it all. Excellent analysis. Is the volume at second low lower than higher low in double bottom?
TheNewsCrypto
Good Move
DynastyCapital
thanks for sharing
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