INDUSTRIAL & COMMERCIAL BK OF CHINA ICBC- MARKET CAP – Around 2.43T FOR 01/05/2025.
Friends, once again you all are welcome to your own blog. Today we will discuss about Industrial and Commercial Bank of China ICBC. Industrial and Commercial Bank of China ICBC is a very promising and big company. We can learn that there are certain levels in it. We will try to find out through this analysis blog whether the levels will work out well or not.
Continuing, we can understand what was the impact in the market last month. And from where the INDUSTRIAL & COMMERCIAL BK OF CHINA ICBC rose when the market saw news. In news based markets we should measure the market levels with a lot of understanding. Understand how the INDUSTRIAL & COMMERCIAL BK OF CHINA ICBC is moving. Because in a news based market it is very difficult to find any resistance or support. When the resistance or support does not work or sometimes it works there. We have to notice useful levels very importantly.
We all had seen that where support was taken in the INDUSTRIAL & COMMERCIAL BK OF CHINA ICBC last month. That was at certain level which is 6.60. If we analyze the daily chart, we will understand this thing. Here we can clearly see that whenever the INDUSTRIAL & COMMERCIAL BK OF CHINA ICBC has gone to 6.79. It had also created a resistance there. After that, a very good momentum came in the market. Which we saw in the second week of April.

Furthermore, if the INDUSTRIAL & COMMERCIAL BK OF CHINA ICBC does not stop at these two levels. If more selling pressure is created from there, then the market can go up to 6.1 level. We have to keep these certain levels in mind while the market is going down.
If I talk about the above, then I can say here that from where the resistance raced in the INDUSTRIAL & COMMERCIAL BK OF CHINA ICBC many years ago. We will have to keep those certain levels in mind now. Those levels are coming around 7.38. The market has faced resistance once recently. So you are not calling this level important just like that and the market is down right now and you can clearly understand that the market is currently running at 7.01.

Now this is important because of this. Apart from this, what other levels can be found above. INDUSTRIAL & COMMERCIAL BK OF CHINA ICBC got resistance near about 7.94 and 8.28. Now don’t look at the exact point, look around them, there can be resistance face around them. You have to understand these levels that whenever the market goes around them, the market can present a proper resistance.
We cannot say that anyone will perform very well in the market on the very first day. You people will gradually do paper trading, paper investment, then you will gradually understand the direction of the market and you will understand how to work in it.
Resistance, support, supply and demand are very important for the market and if you people understand them very well and give values to things, then gradually you will start understanding the market more.
We have created this blog for you people so that you people can read all these small articles that are coming for you every day, every day some different charts are coming, so you can read all of them.
Understand all of them, do paper trading in them, do paper trading, do paper investment, if you understand the thing, work according to the level told to you, if you see it going right in the market, then you guys will be able to muster courage and trade according to your own understanding in the future.
If I tell you then you guys will never be able to learn, if I give you tips, that’s why I recommend doing paper investment and paper trading, you don’t get tips etc. here.
I hope you guys have understood very well and definitely if you could not understand, then read the blog once more, then you will definitely understand.
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