Stock Analysis of ICICI Bank
Dt. - 24-12-2020 Price - 513.55
Price took the support of the old trendline on 22-12-2020 and started moving upward. Horizontally the support line is placed at 501 and the next resistance line is 527.05. If the stock takes support at 501 and bounces back then it can go up to 527 for the 5% profit. 2nd resistance line is placed at 551. RSI is neutral and 21 DEMA is below 500. So we are expecting that stock can come up to 501.
On a weekly chart, the stock made a hanging man pattern and last week it closed with bearish Doji pattern.
Price took the support of the old trendline on 22-12-2020 and started moving upward. Horizontally the support line is placed at 501 and the next resistance line is 527.05. If the stock takes support at 501 and bounces back then it can go up to 527 for the 5% profit. 2nd resistance line is placed at 551. RSI is neutral and 21 DEMA is below 500. So we are expecting that stock can come up to 501.
On a weekly chart, the stock made a hanging man pattern and last week it closed with bearish Doji pattern.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.