Short ICICIFirst there was Bullish Gartley pattern that indicated an upward movement. Now the Bearish AB=CD is indicating a trend reversal and price should be around 730 in about 3 weeks.
In my opinion, a good time to short.
Stoploss point and Targets are mentioned on the chart.
If you have any questions, ask in the comments section.
Thanks.
IBN trade ideas
Technical breakout Buy Icicibank above 936
Which is a triple top breakout using P&F charting, the DT is at 943. Hence, a clear signal that the stock should remain above 930 and 936 to enter into a buy for Targets until 951 initially.
The stock has shown a longer term inverse head and shoulder pattern.
A failure to break above 936, the stock may find a reversal.
icici bank price avtion
NSE:ICICIBANK
news aid its consolidated net profit jumped to 80.06 billion Indian rupees ($967.8 million) in the fiscal second quarter from 60.92 billion rupees a year ago, beating the 71.04 billion-rupee net profit estimate by analysts polled by Visible Alpha.
has partnered with the National Payments Corp. of India to launch a range of credit cards on the RuPay payments network, according to a Monday statement.
The ICICI Bank Coral RuPay Credit Card is a contactless card that offers a number of privileges and benefits.