ICICI Bank will be coming up with its results today,stock has already rallied in expectation of good results. Technically trading in a risisng wedge pattern which is bearish once the lower rising trendline gets breached.
Buy above 1214 Tgt 1222,1231 and 1240 SL 1203
Sell below 1201 Tgt 1194,1184 and 1175 SL 1213
Buy above 71.9 Tgt 73.1,74.4 and 75.7 SL 70.5
Sell below 70.3 Tgt 69.2,67.9 and 66.2 SL 70.6
LT has taken resistance at 1616 on the results day and have been falling continuously,stock has trendline support of 1545 breaking the same can lead to more further downside. Till 1616 is not crossed stock is Sell on Rise candidate for positional traders.
Buy above 1576 Tgt 1585,1592 and 1606 SL 1563
Sell below 1558 Tgt 1546,1530 and 1500 SL 1575
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