ICICI Bank has been in an upward run since a long time, recently in the first week of February the stock has taken a dip & found support at a very important level of 990.
When the stock breached the level of 1070, it again signaled a new upward move. Buyers can hold onto to their positions & watch the resistances of 1155 & 1235 carefully; if the stock crosses these resistances significantly we might see it making new highs. If the stock moves lower, 1070 will act as a very important support & if this level is broken then the security will be range bound.
When the stock breached the level of 1070, it again signaled a new upward move. Buyers can hold onto to their positions & watch the resistances of 1155 & 1235 carefully; if the stock crosses these resistances significantly we might see it making new highs. If the stock moves lower, 1070 will act as a very important support & if this level is broken then the security will be range bound.
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