Wednesday, May 10, 2017

ICICI Bank

                                                                         daily chart


Stock of ICICI bank has just given breakout from rising wedge pattern with highest volume recorded in last 4 years on 4th May 2017. It was trading in that chart pattern for last 6 months. This breakout confirms more upside for stock from current levels. Stock did not move much for in last 3 years. It can be bought at CMP or on dips till 275 for handsome gains in medium to longer term.