Equity-Earningz
Long

Buying Pullback - Trendline Support

NSE:ICICIBANK   ICICI BANK
ICICI bank - At Trendline Support

Long at 376
Stop-loss 361
Target - 444 ( 0.618% Retracement of Previous Swing )

Price making Higher Highs and Higher Lows - So going long on this pullback at the trendline support.
Trade active
Trade closed: stop reached: Icici Bank Stop-triggered at 361.

Comments

Icici movement shall be supported by bnf, agree with your idea, predicated pattern on icici few days week given satisfactory results.
Very gud work keep it up
Stay tuned on mcpriceaction
+1 Reply
i am still holding it. bought at 370 now ltp 369.... hoping it would rise to 393... i am a beginner, any guidance???
Reply
Equity-Earningz AmrithPrasobhP
@AmrithPrasobhP, I think you should exit. Banknifty is weak and pullbacks are not able to sustain at higher levels. If I were you, I would prefer to exiting at 367-370. Because it already hit the stop-loss.
+1 Reply
AmrithPrasobhP Equity-Earningz
@Equity-Earningz, i am doing swing trading, alreay lost near 1k in another stock :( in an intraday few days back... is it ok if iam holding it for a few weeks?
Reply
Equity-Earningz AmrithPrasobhP
@AmrithPrasobhP, I really don't do intraday just for the same reason. Intraday is really time-consuming and rarely profitable. It's better to stick with positional swing trading. About holding banks, today again pullback sold off but in second after 2 PM, banknifty reversed and made new day high. So this is a positive structure and expecting more upside. I'm holding Axis bank and Hdfcbank. In Icici bank I stopped out yesterday.
+1 Reply
stoploss triggered
Reply
Equity-Earningz Charlies_Angel
@Charlies_Angel, Yes, Stop triggered. Any single tick below 361 is a SL hit.
+1 Reply
Charlies_Angel Equity-Earningz
@Equity-Earningz, what do you think the reason is for the fall in bank nifty today ? I was watching couple of stocks - axisbank, rblbank for swing entry. Although it started off well, bears started taking control. I am still holding then anyway.
Reply
Equity-Earningz Charlies_Angel
@Charlies_Angel, Banknifty's angels are falling, Hdfcbank - Icicibank - Axis bank. Since 31st August it's been 11 trading sessions, and Banknifty closed negative in 10 sessions. Banks are weak, and pullbacks are getting sold off. 21750 is a 0.382% retracement level ( March Low to August High )and bank nifty can test that level.

So have a stop-loss in place.
+1 Reply
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