Morning Trend | ICICI Bank hits a bottom in a rush, will the support be lost or is a counterattack coming?

The Industrial Credit and Investment Bank of India (IBN.US) has recently been giving off a "ready to take off" vibe, with its stock price holding onto long-term moving average support while trading volume continues to shrink. The community's focus is on whether this wave of reduced volume is a "downward accumulation" or if the market is waiting for a new direction. After-hours dragon and tiger list data shows that large funds are buying in at lower levels, while retail investors are increasingly adopting a wait-and-see attitude. The international financial stock sector currently has generally average wave opportunities, with limited external positive factors and lingering uncertainty over interest rate hike expectations. However, IBN has been consolidating at low levels in recent trading days, "not able to fall further nor rise," which has instead sparked some bottom-fishing funds to seek a rebound. As long as it does not fall below the $22.8-$23 range, bulls may suddenly accelerate and catch bears off guard. However, the technical uncertainty remains significant, as mainstream trading lacks clear explosive points. It is suitable for aggressive traders to lay in wait and quietly wait for clear signals on sentiment. During this stalemate phase, it is recommended to follow a quantitative approach; decisively cut losses if support is breached, and if a sudden move from the main force occurs, it might just bring a small surprise. Similar to stocks that have stagnated, the community also loves the script of "after a long decline, a rebound is about to rise," so keep a close eye on the market and don't be fooled by false moves!