Monday, August 24, 2020

ICICI BANK STOCK/SHARE PRICE | Channel BreakOut with Volume


CMP- 380


=> From the few trading session ICICI BANK share was trading in a sideways trend in the range of 360 to 375 and the volume was also low.

=> Today after long consolidation ICICI BANK stock price break the channel resistance  of 375 , now the stock came out in a new fresh territory with significant volume.

=> Now the next resistance for the stock is at the level of 430-458 in short term , 494-524 im mid term and 587-638 in the long term. So choose your time horizon and hold firmly.

=> As Technical Chart of BankNifty became more stronger now it is expected that BankNifty may also test 25000 level in few trading session. You can read full analysis of BankNifty here- 

BankNifty Today, Tomorrow And Weekly Outlook | Next- 25000 Level

=> After considering all the factors most probability is that ICICIBANK may test 430 level in few trading session.

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this channel.We are not SEBI registered financial advisor or analyst.

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