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Monday, 9 April 2018

India ICICI Bank (NYSE: IBN) Technicals: 9 April 2018, Monday, 11.43pm Singapore Time


India ICICI Bank (NYSE: IBN) Technicals: 
9 April 2018, Monday, 11.43pm Singapore Time
(Click on Technical Chart Above to Expand)

Attached above is the technicals for India ICICI Bank ADR listed in NYSE. 
I am highly bullish of ICICI Bank. Its long term support band in green has been successfully tested and confirmed, meaning its long term resistance at $11.20 will break up, giving a more than +50% profits. In fact, as at the time of this analysis, ICICI Bank is in the top 10 volumes in entire NYSE. On chart, this tallies with a high volume break-up of the black line trend resistance. The momentums are all going up as well. Momentum plus a high volume break up: ICICI Bank -- Bullish. 


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