ICICI bank on weekly charts is ready to touch the upper trend line. The stock is now trading above all important moving averages(which are in the range of 260-265 and cmp is 268).
The upper trend line is around 314 which is also near to 61.8% retracment of total fall from 393 to 180. Meanwhile 287 will act as small resistance the 50% retracment of fall.
Disclosure: I am not a SEBI certified analyst so please consult your financial adviser before acting on this call. Further i hold this stock so i have interest in the stock.
Comments
Post a Comment