Today's candle marks the break out of the Cup & Handle pattern in ICICI Bank's daily time frame chart. We may see a couple of days of profit booking due to the following reasons: 1. F&O Scrip 2. Near lifetime High 3. Has been closing in green for 8 consecutive days
But, don't fret. Good days are only going to be ahead. I will suggest accumulating on every dip with an SL of 837.6 from the medium to long-term view. From a short-term perspective, one can have an SL of current swing low i.e. 891.25. Both are on a closing basis.