ICICI Bank find strong support at 200 sma & Bounce with good Vol
Hi Traders,
ICICI Bank find strong support at 200 sma & nice Bounce with good Volume.
Bullish on stock due to below point:
1) Good Bounce from 200 sma with more volume greater than last 20 day average Volume.
2) Big Bullish candle at form at confluence of support zone 375-385 & 200 sma placed at 386.
3) Good risk reward ratio trader to enter.
Target to achieved:
T1 : 423 (Book partial profit 50 % as per risk capacity )
T2 : 443 (Book remaining full profit )
Strict stop loss : 378 as (As Below 200 sma & crucial support at 380 )
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
ICICI Bank find strong support at 200 sma & nice Bounce with good Volume.
Bullish on stock due to below point:
1) Good Bounce from 200 sma with more volume greater than last 20 day average Volume.
2) Big Bullish candle at form at confluence of support zone 375-385 & 200 sma placed at 386.
3) Good risk reward ratio trader to enter.
Target to achieved:
T1 : 423 (Book partial profit 50 % as per risk capacity )
T2 : 443 (Book remaining full profit )
Strict stop loss : 378 as (As Below 200 sma & crucial support at 380 )
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Trade active:
Entered Long & what a good bounce from 200 sma..