Thunder918

icici options strategy

Long
NSE:ICICIBANK   ICICI BANK
VERY STRONG CONFIDENCE IN THE BUY CALL AS THE STOCK HAS BEEN TAKING SUPPORT ON THE TRENDLINE ...
THERE IS ALSO A FLAG FORMATION ...ALONG WITH SUPPORT ZONE NEARBY.... THE VOLUMES HAVE BEEN DECREASING WITH THE PRICE REDUCTION SUGGESTING MANY ARE NOT WANTING TO SHORT. THE PREMIUMS FOR CALLS TOO ARE VERY LOW...SO GOOD STRATEGY TO BUY NAKED CALL WITH A STOPLOSS AS INDICATED FOR THE SHOWN TARGET LEVELS
Trade active: there is associated risk also, as elliot wave just made a 5th point. if that is the case then once resistance is broken we may see further downside....
Trade closed manually: my stoploss broken....trading positions closed for a while

Comments

Is there any chance to go up tmrw sir icicibank
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Thunder918 yukesha88
@yukesha88 horizons getting more blurred with time... suggested to go by trend and trade the downward path
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Able to see it now. Yeah.. it is in nearby support zone and most likely it may not fall tomorrow. But below 359/356 seems to be strong sell.
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Thunder918 kiran_mti
@kiran_mti, yes absolutely true..... lets see what happens next.... highly unpredictable markets these days....
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