ICICI bank weekly
CHART VIEW
The stock has resistance at 804-815 against which it has been banging for almost 13 weekly and also the MACD has been showing –ve divergence indicating that icici has less chance of moving past 810 barrier. Support comes in at 718 and then at 684 in the immediate short term. 718 being an important support as it 38% retracement of all time high to October lows. 684 is the bottom of the post election gap up. Below these supports the stock will get weak .
OI view
800 calls have max open positions suggesting supply zone in the region of 800-815.
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