ICICI BANK LTD.

ICICI Bank - Weekly Time Frame

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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.



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