ICICI BANK
Symbol: ICICIBANK
Suggestion: Buy, Stop loss at Rs. 518
Open 550.00
High 550.90
Low 515.15
Last Price 520.75
Fig. 1: Price movement - ICICI Bank
Fig. 1 shows the price movement bar chart for ICICI Bank. The green line is SMA(200), and the brown line is SMA(20). As seen, the price is well above the 200 and 20 day SMAs (Simple Moving Average). This clearly indicates that the stock is running in the bullish phase. The only problem over here is that the SMA(20) line is rising at a pace more than the SMA(200) line, and thus is expected to cross it in coming...


