ICICIBANK Limited
is engaged in providing a range of banking and financial services including
commercial & retail banking, project & corporate finance, insurance,
venture capital and private equity, investment banking and broking. After showing
correction from the higher level, now the stock is trading in the
recovery phase for the Short term , it is likely to continue the upside move in near term with the
crossing of the resistance level of 300 as the stock is managing to sustain
above the level of 260. It is likely to continue the positive movement
with the breakout of the pattern at the levels of 280. 200 days moving averages
seen as support level with the RSI of 40, One may get the medium-term targets
of 300,320,340 in with the stop loss of 230. Thus the trend of the icicibank in
the short term, medium term timeframe continues to remain upwards.
NCC is a company in the construction business and has presence in almost every sphere of