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Chinna_G
Jul 21, 2020 5:51 PM

ICICIBANK - BREAKOUT  Long

ICICI BANKNSE

Description

ICICIBANK
BUY ABOVE 380 (BREAKOUT EXPECTED)
TARGET: 383,386,389, 391, 393

IF CLOSE AND SUSTAIN ABOVE 394
THEN TARGETS: 398, 404, 410, 414, 418

Posting for Educational purpose only
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Comment

TODAY, 3RD TARGET ACHIEVED 389

Comment

Initial final target 393 achieved, Made high 395.65
Tomorrow, If Sustain above 394 then next targets possible

Trade closed: target reached

All our targets achieved. Made high up to 422 on 31st Aug (Final predicted target was 418)
I was not able to provide analysis from last 22 days due to busy in father health issues. Now, his health is OK. I will try to provide analysis
Comments
Harshi209
HEYY..
CAN YOU EXPLAIN HOW YO FIND TARGETS.... HOW DID YOU FIND 414....?
THANK YOU
Chinna_G
After 494 breakout next immediate resistance is 410 and 414-415; From previous graph 414~ 415 is a swing low (you can see 4th Oct-19 close 414 & 7th Oct open 415; act as a resistance). Inside candle generated and stock moved upwards from 7th Oct-19.
If results are very good then 414 resistance will break easily as well as 424. I am looking next target levels 438-444 (If stock sustain above 415~ 420) based on higher time frame chart strength.
I hope, Answered your query. If you have any queries then let me know. If possible, i will try to answer
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