ICICI Bank technical analysis charts

1. September 30, 2015
IBN: ICICI Bank technical analysis charts
On Tuesday, compared to Monday, price action opened higher (8.33, vs Monday’s
close of 8.19), saw a higher high (8.50, vs Monday’s high of 8.43) and higher low
(8.18, vs Monday’s low of 8.11); and closed higher (8.30, vs Monday’s close of
8.19). The day’s range was 32 ticks.
On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action rose
towards the middle of the 20 day moving average envelope (8.47). The
parameters of the envelope (8.21-8.72) are pointing lower.
The RSI (38.07) below is in neutral mode between the key 20 (oversold) and 80
(overbought) levels.

2. September 30, 2015
The MACD 12 day moving average is below the MACD 26 day moving average;
both are above zero and falling.
The Slow Stochastics, below, are in negative mode, with the K line below the D
line.
The Commodity Channel Index (-77.68), below, is in positive mode above the
oversold -200 level.
On the DAILY BOLLINGER BANDS CHART below, Tuesday represents the 6th
consecutive close below the middle of the Bollinger Band envelope (8.47). The
Bollinger Bands (8.14-8.79) are pointing lower; and widened from a width of 63
ticks on Monday to a width of 65 ticks on Tuesday.

3. September 30, 2015
On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving
average (8.36, moving down) is below the 20 day moving average (8.47, moving
down); in negative mode. The 3-50 day strip of moving averages ranges from the
3 day moving average (8.32) at the bottom of the range to the 50 day moving
average (9.10) at the top of the range.
The Parabolic Stop and Reverse (8.88) below is in the 6th day of sell mode.

4. September 30, 2015
On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 3rd
consecutive close below the middle of the Bollinger Bands envelope (9.60). The
Bollinger Bands (7.94-11.26) are pointing lower; expanding from a width of 318
ticks on Monday to a width of 332 ticks on Tuesday.