RangeBO

#ICICIBank notices #NR7IB in weekly scale (H=549.35, L=536). Volatility contraction with #NR7IB formation suggests some gigantic move is on offering in coming weeks at least 7-10% on either sides. Structurally this is the only banking stock which looks good as compared to all other peers. There is significant drop in volumes in recent weeks. Will positionally trade the above range breakout on daily closing basis.