ICICI Bank: Recent High Signals a Turning Point

“ICICIBANK’s September 20th high may have marked a significant turning point. The stock appears poised for further downward movement. A potential rebound to the 1260 level presents an opportunity to increase short positions. However, if the stock breaks below the 1215 support, it could signal a more pronounced decline. In such a scenario, the next target is 1160 within the coming days. A breach of 1160 could lead to a further drop to 1100 in the weeks ahead.”

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