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ICICI BANK finding 23.6% fibonacci retracement resistance around 334.


ICICI BANK
Charts updated on - 12th February 2015.


  • Stock currently finding 23.6% fibonacci retracement resistance around 334, chart indicates ICICI Bank showed some intraday action once it started trading above 334 and made intraday high around 340, but stock fell down and formed bearish candle formation.
  • We can see come further price rise(intraday) once ICICI BANK holds above 340. Above 340 stock will find resistance around 346, 355 and 364 as shown above.
  • On down side stock will find support around 316.50 (its recent low).
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.