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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Admin December 29, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/11/ICICI-Bank-9.jpghttps://www.investmentkit.com/articles/wp-content/uploads/2011/11/ICICI-Bank-9-150x150.jpgAdminStock MarketAuto,bank stock,Below,chart,Draft,ICICI,icici bank,indian stock exchange,indicator,Kumo,nbsp nbsp nbsp nbsp nbsp,stock,trading sessions,u turnBelow 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...Educating Investors

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