ICICIBANKNSE:ICICIBANK
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I1BN34 trade ideas
ICICIBANK breakoutICICI bank may see a 80 to 100 point run after crossing 780 Levels. It is consistently outperforming others in Nifty bank. On the ground, ICICI banks digital leadership in banking space is rewarding it with fast growth in new business at the same time controlling the cost of infrastructure.
ICICI BANKThis banking stock, which has given a breakout from the level ~740 INR, we can go bullish for this @ BUY Price of 755 INR with a target price of ~800 INR with an stop loss of 742, another plus point for ICICI BANK is that its RSI level also crosses the value of 50 which indicates us a strong buying momentum in this stock
ICICIB in consolidation zone but different busi environmentEarlier ICICI Bank broke consolidation levels with riding on high expectation. It is again entered in the same zone but wit different set of business conditions now. Now external factors will determine if ICICI bank can break these level. One news and all levels break on either side in war news driven market.
ICICI bank 22Feb'22-26Feb'22ICICI Bank can show a possible down movement to 707 if 745 is broken. With ABG Shipyard bad loans news and ICICI bank leading in this fraud, the stock price can show a gap down below 745. Which in turn can move further down to 707.
This movement in ICICI Bank in turn can bring, the BANKNIFTY index down by ~400 points.
There is a small possibility of small jump or volatility at the level 745, if we see some recovery in the international market, or some sudden good news in the fraud case