I am looking to benefit from investing in India's economy and I had found a few different investment ideas. ICICI bank is the 2nd largest bank in India, it has recently surpassed analysts expectations, its growth over time, as well as the share price, has been growing in a reasonable manner which presents a good long term opportunity - providing steady growth, an...
BRIEF-ICICI bank posts net profit of 46.16 bln rupees in April-June qtr Icici Bank Ltd ICICIBANK : * APRIL-JUNE NET PROFIT 46.16 BILLION RUPEES VERSUS 44.03 BILLION RUPEES (NOT 25.99 BILLION RUPEES) IN PREVIOUS QUARTER * APRIL-JUNE GROSS NPA 5.15 % VERSUS 4.96% PREV QUARTER * APRIL-JUNE NET NPA 1.16 % VERSUS 1.14% PREV QUARTER Source text for Eikon: ID:...
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.
IBN is currently showing a bull flag with a support at $ 9.81. As the resistance line of the bull flag and the support line intersect in the next few days, an outbreak up or down is conceivable. Depending on the outcome of this constellation, a long or short position could be worthwhile.
Another possible 2R if it can stay above the resistance breakout...swing trade in my opinion
Sell Setup :) Keep It Simple, Keep It Unique :) Happy Forex Trading :) Happy Profit Making :)
-long term trend- rising moving averages with strong trend -intermediate trend in positive with relative strength increasing with room to run -intermediate moving average is slightly weakening pulling back into .38 retracement level and where dynamic support is found -volume by price is showing there is volume in this area supporting evidence that shows possible...
In my option the bull run for IBN has been going on from $8.12 on 3/21 to high of $8.64 of late, now it is time for a retracement or reversal to the bear side. Also, per RSI indicator (RED) line has been broken by PA, by still at around 54 or positive or bullish territory. If you decide from your strategy to invest in this stock & buy shares is tomorrow a short...