ICICI Bank Limited
Pembelian

ICICIBANK 1 Hour View

48
๐Ÿ“Š 1-Hour Timeframe: Key Levels
๐Ÿ”น Support Levels

Immediate Support: โ‚น1,363.14

Key Support Zones: โ‚น1,352.93, โ‚น1,333.87

๐Ÿ”น Resistance Levels

Immediate Resistance: โ‚น1,367.07

Key Resistance Zones: โ‚น1,385.23, โ‚น1,398.47

These levels are derived from standard pivot point calculations and are commonly used by traders to identify potential reversal points within the trading day.

๐Ÿ“ˆ Technical Indicators (1-Hour Chart)

Relative Strength Index (RSI): 37.26 โ€” indicates the stock is nearing oversold conditions, suggesting potential for a price rebound.

Moving Average Convergence Divergence (MACD): -16.11 โ€” a negative value, which may indicate bearish momentum.

Average Directional Index (ADX): 23.81 โ€” suggests a weak trend, implying indecision in the market.

Stochastic Oscillator: 13.21 โ€” indicates the stock is oversold, potentially signaling a reversal.

Supertrend Indicator: โ‚น1,398.34 โ€” indicates a bearish trend.

These indicators collectively suggest a bearish short-term outlook, with potential for a reversal if support levels hold.

๐Ÿ“Š Price Levels to Watch

Support Zone: โ‚น1,380โ€“โ‚น1,400

Resistance Zone: โ‚น1,426โ€“โ‚น1,430

Key Levels: โ‚น1,400โ€“โ‚น1,410 (strong support)

๐Ÿ”„ Summary

ICICI Bank Ltd. is currently trading near its support levels on the 1-hour chart. The RSI indicates potential oversold conditions, while other indicators suggest a weak bearish trend. Traders should monitor the key support and resistance levels mentioned above for potential breakout or breakdown scenarios.

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