neutral
ICICI Bank Nears Critical Technical Levels as Moving Averages Tighten
ICICI Bank is approaching major long-term supports, with the stock currently trading near its weekly trendline and the 50 month moving average levels it has respected since May 2023 and November 2020. On the daily chart, the stock has been confined between its 50-DMA at ₹1,377 and 20 DMA at ₹1,362 for nine consecutive sessions while oscillating around the 200-DMA at ₹1,373.
Companies:
- ICICI Bank
Tags:
- stocks
- technical analysis
Explore:Mutual Fund Tools
neutral
ICICI Bank Nears Critical Technical Levels as Moving Averages Tighten
ICICI Bank is approaching major long-term supports, with the stock currently trading near its weekly trendline and the 50 month moving average levels it has respected since May 2023 and November 2020. On the daily chart, the stock has been confined between its 50-DMA at ₹1,377 and 20 DMA at ₹1,362 for nine consecutive sessions while oscillating around the 200-DMA at ₹1,373.
Companies:
- ICICI Bank
Tags:
- stocks
- technical analysis
Explore:Mutual Fund Screening
1 min read
62 words
ICICI Bank is hovering near key supports, with tightening moving averages and a possible 50-DMA and 200-DMA ‘Death Cross’ indicating rising downside risk.
ICICI Bank is approaching major long-term supports, with the stock currently trading near its weekly trendline and the 50 month moving average levels it has respected since May 2023 and November 2020. On the daily chart, the stock has been confined between its 50-DMA at ₹1,377 and 20 DMA at ₹1,362 for nine consecutive sessions while oscillating around the 200-DMA at ₹1,373.
ICICI Bank is approaching major long-term supports, with the stock currently trading near its weekly trendline and the 50 month moving average levels it has respected since May 2023 and November 2020. On the daily chart, the stock has been confined between its 50-DMA at ₹1,377 and 20 DMA at ₹1,362 for nine consecutive sessions while oscillating around the 200-DMA at ₹1,373.
Companies:
- ICICI Bank
Tags:
- stocks
- technical analysis
- stocks
- technical analysis
- india
- banking