ICICI Bank looks good for going long, it retested it previous low and was able to close above previous day close.
Levels to watch
if -GAP UP OPENING ABOVE 333.47 then can see 17 point moment upward
if -GAP DOWN OPEN BELOW 320.5 then can see 11 point moment downward
Shorted around 328
RSI High,
HA Candles Green got weaker,
Retest of resistance trendline.
200 EMA retest.
Would happily get rekkt than not shorting this.
Stop loss 332.
ICICI Bank looks good for a long term buy. As economies are resuming worldwide, definitely its a good sign for financial markets but people have to take very good care.
Lets see if we can get 450/500 levels in next 3/5 months
ICICI is at good support at this moment. 1:1 Extension AB=CD FIB Pattern is completed and 280 -284 is critical support. Holding and bouncing from this along with Bullish Divergence is a good sign to either take delivery in Demat or build a long position in Future and Options.
Hi,
ICICI bank is making a falling wedge in 4 hour time frame also a harmonic PRZ Level at 268.
Buy : 265-268
SL: 250
Target : 310/340/370
Time span : 4 weeks
ICICI Bank (ICICIbank- India) is 5th of 5th wave which will be three wave in nature as the part of ending diagonal structure, which will strong change in trend as indicator.
ICICI Bank is continuously falling in a pattern. It has good support at 297 level. If this level is broken with closing below confirmation then we can initiate a short position.
TP1: 293
TP2: 291
TP3: 288
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