ICICI BANK BUILDING LONGS
SUMMARY:-
*after posting stellar numbers it is the only stock which is holding the fort for the markets
*once market starts to recover icici bank shall lead from the front based on relative outperformance
*the stock is taking support on its to 20-ema near 792-795
*on the upside 820-818 is acting as strong resistance
*we are going there but its getting rejected
*once a close is achieved then expect the stock to race to level of 840-850
*can go to new all time high also
*stock also gave a double bottom breakout and has given a throwback pattern move
*now when swing high of 836 breaks a extension of the recent move from 836-796 to 876 will be seen and more
ICICI BANK FEB FUT
BUY@810
STOP@793
TARGET@820-830-840
(WILL REVISE TARGETS UPWARDS FOR POSITIONAL TRADERS LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
👇👇👇👇👇👇👇👇👇
*after posting stellar numbers it is the only stock which is holding the fort for the markets
*once market starts to recover icici bank shall lead from the front based on relative outperformance
*the stock is taking support on its to 20-ema near 792-795
*on the upside 820-818 is acting as strong resistance
*we are going there but its getting rejected
*once a close is achieved then expect the stock to race to level of 840-850
*can go to new all time high also
*stock also gave a double bottom breakout and has given a throwback pattern move
*now when swing high of 836 breaks a extension of the recent move from 836-796 to 876 will be seen and more
ICICI BANK FEB FUT
BUY@810
STOP@793
TARGET@820-830-840
(WILL REVISE TARGETS UPWARDS FOR POSITIONAL TRADERS LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
👇👇👇👇👇👇👇👇👇
Note
UPDATE STOCK HAS SEEN SHARP FALL JUST DURING POSTING THOSE ENTERERD TRADE WITH STRICT STOP
THOSE WHO ARE YET TO ENTER WAIT FOR 810
Trade active
THOSE WHO ENTERED CAN ADJUST STOP TO 792-793 MARKET IS VOLAITLITY I EXPECT MARKET TO COOL DOWN
IF ANY RECOVERY IS TO COME IT SHOULD COME FROM ICICI BANK
BUT THOSE RISK AVERSE TRADERS CAN EXIT@799-800 NOW
Note
KEEP AN EYE OUT FOR THIS ONE
Trade active
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