Stock :- ICICI Bank
C.M.P :- 700.85
Analysis date :- 29/09/2021
View :- for short duration(7- 15 days )
ICICI bank shows the Rising wedge pattern which is a bearish reversal pattern as the stock looks weak as the RSI indicator is below the 50 levels as wells as the candle has closed below the 9 day EMA . there exist small support at 680 levels, so the immediate target is 680.
C.M.P :- 700.85
Analysis date :- 29/09/2021
View :- for short duration(7- 15 days )
ICICI bank shows the Rising wedge pattern which is a bearish reversal pattern as the stock looks weak as the RSI indicator is below the 50 levels as wells as the candle has closed below the 9 day EMA . there exist small support at 680 levels, so the immediate target is 680.