ICICI Bank - Bearish
One can short from current level with a SL of 704.
Note: On a weekly TF the stock has broken 50 EMA and hence on a shorter term the chart set-up in bearish.
Long Set-up
644-650 seems to have a strong support level.
Can start accumulating from 660/650 and keep space for lower levels.
Caution: If it breaks (Weekly TF) downfall of more 80-100 points is possible.
One can short from current level with a SL of 704.
Note: On a weekly TF the stock has broken 50 EMA and hence on a shorter term the chart set-up in bearish.
Long Set-up
644-650 seems to have a strong support level.
Can start accumulating from 660/650 and keep space for lower levels.
Caution: If it breaks (Weekly TF) downfall of more 80-100 points is possible.
