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| Item Details | Price | ||
|---|---|---|---|
Stock name: ICICI Bank
Pattern: Double top pattern
Time frame: Daily
Observation:
The stock has shown a good up-move with the overall markets in the previous few days and currently stands at a resistance. Today’s candle seems to be like a bearish engulfing in preparation and hence one should be cautious.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
News for the day:
1) Q4 result update: Rites
Revenue down 10.31% YoY
PBT down 5% YoY
2) Olectra Greentech wins order from BEST for 2100 EV buses.
4) Balaji Amines, Divis Labs, Fineotex Chemicals, Goldiam International, Macfos, MCX India, Nilkamal and VRL Logistics are amongst the companies which will post their quarterly results tomorrow.