ICICI BANK | Buy Oppurtunity
Analysis on monthly time frame,
If a daily candle closes above the 577.75(black line in the chart), trend reversal is confirmed. Buy @ CMP after trend reversal is a aggressive entry.
For a conservative entry wait for re-test and then buy.
First target : 743.75
Second Target : 875.80
Third target : 1089.40
Stop Loss : 528.15(Tentative)
If a daily candle closes above the 577.75(black line in the chart), trend reversal is confirmed. Buy @ CMP after trend reversal is a aggressive entry.
For a conservative entry wait for re-test and then buy.
First target : 743.75
Second Target : 875.80
Third target : 1089.40
Stop Loss : 528.15(Tentative)
Note
Trend reversal is confirmed in daily time frame, Buy @ CMP would be aggressive entry now.
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