ICICI BANK LTD.Long
ICICI Bank : Good HOLD in current market
- Q3 results was good and stock can open with a bounce tomorrow morning.
- Technically, it is trading in a downward regression channel, and at 200D-EMA (support), and can give a upside breakout. The zone of 1300-1330 can act as a resistance in short term, while downside seems to be capped at 1000 (worst case) with strong support at 1170-1150 level.
- The stock is expensive fundamentally, BUT can remain trading so given improved performance and is one of the safe against market volatility too in short term.
- Technically, it is trading in a downward regression channel, and at 200D-EMA (support), and can give a upside breakout. The zone of 1300-1330 can act as a resistance in short term, while downside seems to be capped at 1000 (worst case) with strong support at 1170-1150 level.
- The stock is expensive fundamentally, BUT can remain trading so given improved performance and is one of the safe against market volatility too in short term.
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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.