Tuesday, May 31

Trading Calls:ICICI Bank and Volatas

ICICI BANK

ICICI bank broke out of its falling wedge pattern which is a bullish pattern. Stock has been taking support around 994 levels and giving decent bounces.Stock is approaching another major resistance of 200 DMA @1084.
200 DMA is defining lines between Bulls and Bears
Move above 1084 will make the stock to enter is trading range of 1090-1130 where it consolidated before the previous downmove.
Buy above 1084 Tgt 1090,1100,1115 and 1130

ALLAHABAD BANK

Allahabad Bank broke out of its ascending triangle formation broke out last friday with volumes. Stock has entered into a …
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