ICICI trend analysis for November month
The bank is in strong bull movement from last October and it didn't break the trend line yet. As the bank broke the February high with high volumes in September and moving 25% higher to market price.
From the chart the stock is having strong support at 680 and it could consolidate for next 4-6 weeks in the range from 700~840.
We can wait for buying the stock at support levels with stop loss of 620-640
Range - 700 ~ 840
Resistance - 830-850
Support - 715-750
From the chart the stock is having strong support at 680 and it could consolidate for next 4-6 weeks in the range from 700~840.
We can wait for buying the stock at support levels with stop loss of 620-640
Range - 700 ~ 840
Resistance - 830-850
Support - 715-750
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