Valentine’s Day Stock Pick: On the occasion of Valentine’s Day 2025, Sumit Bagadia, Executive Director in Type Broking
ICICI Bank is currently trading 1,254 After correcting about 12% from its recent swing in the last two months. Stock has maintained a strong long -term uptrend, forming high altitude and high climb within a growing channel on a weekly time frame. Recently, it has shown signs of reversal by rebounding from the lower range of this channel, which shows the ability for further speed.
Major resistance levels and reverse goals are identified 1,380 and 1,445. On the negative side, clear of strong support is clear 1,190. Additionally, ICICI Bank has jumped from its medium-term 50-day EMA and is currently trading near its short-term 20-day EMA. A permanent step above these levels will confirm the strength of the faster and the continuity of the uptrend.
Given the current technical setup, a purchase opportunity goes upwards 1,220 can be considered with a well -defined risk management approach. Trading target 1,380 and 1,445 should ensure that there are appropriate stop-loss measures to manage the risk effectively. Therefore, based on the above technical structure, we are recommending a purchase status in stock for medium to long periods.
