ICICIBANK:- The stock price advanced +0.23% to close at 364.60 in today’s trading session. The stock price is trending in the uptrend and it has now formed an inverse head and shoulders pattern on the daily chart. The price action is getting closer to mature this pattern, has neckline at the level of 366-70 on the chart.
This stock price will face stiff selling pressure at this resistance zone in the coming time. Above this level of 370, the stock price may head to next resistance level/ price target of 375-390 in the coming time.
Well, it will be interesting to watch in the coming time, Whether the stock price will breach the level to the upside or it will hold below the resistance line and show some profit booking.
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