ICICI bearish stance for short term. 1010 might come before 1100
As we can see, 1030 Call options for Feb series are heavily sold. Holds highest OI for feb series. Feb series end i.e tomo we can see 1030 in this counter. If this happens, ICICI will be completing the H&S pattern on 1hr Time frame. It will come to 1010 or even 1000 before reversing from there to reach 1100+
It is a short term bearish stance on ICICI. This is a healthy correction for it to reach beyond 1100. Those in this for long term, can hold and add more when it comes to 1010 or 1000 level.
Short term as 1-3 weeks, one can sell with SL of 1100.
It is a short term bearish stance on ICICI. This is a healthy correction for it to reach beyond 1100. Those in this for long term, can hold and add more when it comes to 1010 or 1000 level.
Short term as 1-3 weeks, one can sell with SL of 1100.
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