ICICI Bank has been in uptrend post ICICI corruption scandal and we had covered the same with chart analysis in Jan 2019 asking all to watch the level of 363 above which stock will show a rebound.
Exactly the same has happened and the stock has been in an uptrending channel and now again stock is rebounding from the bottom of the channel and can bounce to higher levels. The stock encounters immediate resistance at 440 levels and sustaining above it can target 450,475,500 in medium term. However, one can keep a long term stop loss of 383.
Have a look at the stock chart which shows the beautiful development of a channel and rebounce from the support with in the channel. Our clients in short term stocks are generally in such stocks when the bus starts moving and innumerous traders benefit with best stocks for intraday everyday.