February 23, 2016

ICICI Bank Trend update

  • 2nd chart the Month Time frame of ICICI Bank shows price below the rising support line from 50 levels. This set up add strength for bears. But as the Weekly chart shows 188 is a crucial support zone. If 188 holds a decent bounce looks possible. On the contrary if 188 gets broken then 175 and 150 levels are possible. For a bounce to confirm price needs to break and sustain above hourly cloud.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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