ICICI bank broke out of its falling wedge pattern which is a bullish pattern. Stock has been taking support around 994 levels and giving decent bounces.Stock is approaching another major resistance of 200 DMA @1084.
200 DMA is defining lines between Bulls and Bears
Buy above 1084 Tgt 1090,1100,1115 and 1130
Allahabad Bank broke out of its ascending triangle formation broke out last friday with volumes. Stock has entered into a new resistance zone of rs 198 as mentioned in chart.There is a gap between 199-201.8 which should get filled in this upmove.
Break of Rs 198 with volumes will give more strength to stock.
MACD moved into Buy and Mometum indicators are giving strength to stock
Buy above 198.4 Tgt 201.8,205 and 210.
Stocks is near its short term resistance @168.6 which is a trendline resistance also.
Indicators are showing strength.
Buy above 168.6 Tgt 170,172 and 174.6