Support at 335, 380 and 390 will be target in next week
ICICI BANK CHART IF BREAK 315 ...NEXT STOP AROUND 200
Today all bank were weak and few of them broke important support level. If ICICI bank stays below 330 then the next level is 308 and 270. Trade only Intra day and incase you are an investor then you can accumulate for next 12 to 24 months
Since i was already bearish on ICICIBANK since early FEB 2020. Now looking at market structure i see some resemblance in Eicher motors 2003-08 structure. We know what kinda price action happened post 2009 on Eicher Motors, if thats case we found our next HDFC BANK.
If closes below 320-325, it will test 300 and 270 levels.
Double Bottom + RSI Divergence
Perfect Setup to go long with stop at 348 - TGT 363 , 375 ,387 - Better to play for the next 2 days.
ICICI BANK looks bullish on short term for a target of 390
We have a daily breakout. In H2/H1, we can see a retest and a bullish continuation. A target could be set at 38.2 fib of Daily chart or previous Daily S/R. I prefer the former.