Lets look at ICICI Bank' chart from last 3 Months. It has been trying to cross a certain hurdle at 375. It has made 3 attempts.First one was on 20th April, second was on 23rd June and the last was on 7th July. It has been unable to breach that level and is facing stiff resistance at that point. The immediate support is available at 345. So as long as it is moving between 345 - 375 you know your 30 points are safe. Once it gives a break out or break down we will visit it again. The Immediate move seems to be touching the support line again.
Comment:
As shown. Today ICICI down around 10 points.
Trade closed: target reached:
First target achieved 364 to 345. Market moving to bigger changes