TradingView
dravya
Jan 26, 2017 3:51 AM

Republic Day Idea - Short Term Long

ICICI BANKNSE

Description

Happy Republic Day,
fellow Indians.

Here, I am sharing a good potential setup for ICICIBANK.

it's in an ascending channel, which you can see in the chart in related ideas.

The lines I have drawn have significance from previous levels.
I have marked prices accordingly.

Hughe volume also see in the last few hours increasing the probability of upmove.

So,
take positions in ICICI and see how it unfolds.

The entry can be taken according to your strategy, but you must exit at the given levels.

Thanks.
Have a good day.

Trade active

CMP - 262.8

Trade active

CMP - 265.6

Trade active

High : 262.4 . Get ready to book partial profits. Target very close.

Comment

Sorry * 266.4

Trade active

CMP : 266.2 , its gonna break 266.5 and fly, keep trailing sl of 266.5
Thanks.

Trade active

CMP - 268.25

As told, it's gonna fly , don't book profits on 266.5 :)

Trade active

Straight up. Cheers !

Trade closed: target reached

CMP - 268 . Booking profits for intraday.

Comment

One can hold it for more profits. still scope. with trailing SL of a rupee.

Comment

CMP - 272.6 . Positional Hold with trailing SL . Positional target of 276 may be achieved next week.

Comment

High : 274 . Might be Positional Target also achived today :D Wow ;)

Trade closed: target reached

CMP - 281
High - 283.5

Positional Target of 276 achieved !!

You booked profits, right ? :P
Comments
PankajNegi
Superb setup and hence the result !
dravya
@PankajNegi, Yeah :) But identify to karna padta hai na setup :p
PankajNegi
@dravya, Aapko hi credit de raha hun :D
What i mean to say is, You made a superb setup and it gave superb result :)
dravya
@PankajNegi, to fir acha hai :p Thank you, I hope you took advantage of it :)
PankajNegi
@dravya, Nope, not from this one !

But hopefully with some other setup of yours :)
dravya
@PankajNegi, haha ! next time :)
PankajNegi
@dravya, Yeah :)
Should follow you to not miss out out next time :p
FIROZMANIA
A Republic Day idea for sure. Nice call!
dravya
@FIROZMANIA, Haha ;) Ty !
Jay03
Thanks for the inputs...
More