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Icici Bank Ltd (IBN) – Indian Based Bank

Updated: 17 Aug 2021

The handle of the base which started in February formed above the 50-day line and in the top half of the pattern, which is a positive sign.

The bank reported on Saturday that operating profit rose 23% vs. a year earlier, along with the jump of 83% in after-tax profit jumped 83%, 17% in loans, and 16% in deposits.

All four moving averages point to an upward trend, and the breakout occurred on a heavy volume as the stock moved to an all-time high area.

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