ICICIBANK closes at $ 1060.65 with a fall of -0.80% on 16 July 2011 with formation of Bearish Haramai Cross Candle on Daily Price Chart .Technically, ICICIBANK is looking week on charts. Major Momentum are showing weekness like Schaff Trend Cycle & Buyer-Seller Force index.
We Recommend to SELL - ICICIBANK Below $ 1055
Target- $ 958.60
Stop-Loss – $ 1069.50
Time Frame- 10-15 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com .
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com .
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