ICICI Bank Limited ( $IBN ) is one of the best stock to buy and offering possible buying price between $12.57 – $13.20, as of June 28th, 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock staged a solid breakout in early March.
3. The stock went into consolidation for few weeks, after that, it’ even lost the 50 day moving average line.
4. The stock staged another breakout and retook the 50 DMA, as well.
5. Though the stock lost 50 DMA every now and then, but it consistently traded above the line most of the time.
6. The potential buying price would be $12.57 – $13.20 with a stop loss at $11.56.
