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
👇👇👇👇👇👇👇👇👇

Comment:

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

Comment:

KEEP AN EYE OUT FOR THIS ONE

Trade active: