ICICI Bank:
1. LONG expected in the coming week. (28-31 December)
2. LONG above 515 (Weak Resistance at 517, Strong Resistance at 527. Weak Support at 509, Strong Support at 501.
3. 515 tested multiple times today, could not show break-out due to bearish trend in BANKNIFTY in the last session.
4. Gap Up opening expected on 18th dependent on Global Cues, SGX Nifty and BANKNIFTY opening.
5. 527 test expected in the upcoming week.
6. Please keep on looking at BANKNIFTY for confirmations.
7. Trade Taken: Bought ICICI BANK 520 CE (31st December Expiry @5.55, Last Trading Price: 4.6, Target 1: 7.2, Target 2: 12++)
NOTES:
KINDLY LIKE IF YOU BELIEVE ICICI BANK WILL GO LONG.
COMMENT FOR ANY SUGGESTIONS/OPPOSITE VIEWS.
POST ONLY FOR LEARNING PURPOSES.
HAPPY HOLIDAYS :)
1. LONG expected in the coming week. (28-31 December)
2. LONG above 515 (Weak Resistance at 517, Strong Resistance at 527. Weak Support at 509, Strong Support at 501.
3. 515 tested multiple times today, could not show break-out due to bearish trend in BANKNIFTY in the last session.
4. Gap Up opening expected on 18th dependent on Global Cues, SGX Nifty and BANKNIFTY opening.
5. 527 test expected in the upcoming week.
6. Please keep on looking at BANKNIFTY for confirmations.
7. Trade Taken: Bought ICICI BANK 520 CE (31st December Expiry @5.55, Last Trading Price: 4.6, Target 1: 7.2, Target 2: 12++)
NOTES:
KINDLY LIKE IF YOU BELIEVE ICICI BANK WILL GO LONG.
COMMENT FOR ANY SUGGESTIONS/OPPOSITE VIEWS.
POST ONLY FOR LEARNING PURPOSES.
HAPPY HOLIDAYS :)
Trade closed: target reached:
T1: 7.2 Reached.
Position Exited.
Position Exited.
Trade closed: target reached:
T2: 12++ Reached on expiry.
CMP @ 15+
CMP @ 15+