ICICI bank formed a strong base near 200-SMA. It has formed a double bottom at 340 on the daily chart along with positive divergence in RSI which suggests a reversal is around the corner. Indicators and oscillators also lending support to the price action. Traders can take an entry from the level of Rs 354 for the target of Rs 395 while keeping stoploss of Rs 340.
https://www.tradingview.com/x/u40XW11m
ICICI Bank:
Buy Around Rs 354
Target: Rs 395
Stop Loss: Rs 340 (354-13.67)
ATR: 13.67
Upside: 10 percent
Declaimer- Above info is based on technical analysis, it does not mean else.
Entry Done
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