Wednesday, December 28, 2011

ICICI Bank technical Chart | 29-Dec-2011

Below is the technical chart of ICICI Bank, listed on Indian stock exchange, using Ichimoku indicator.

 

 

 

 

 

 

 

 

 Ever since, ICICI Bank stock closed below kumo @966 on 05-Aug-2011 on weekly chart, it's moving downward. Still, there is no hope of major U turn as the price is still trading below kumo and kijun-sen line. It can move to the levels of 641 in coming trading sessions.

Do not take any long position till it closes above 876. 

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