karanwealthape
Long

ICICI Bank find strong support at 200 sma & Bounce with good Vol

NSE:ICICIBANK   ICICI BANK
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.
Trade active: Entered Long & what a good bounce from 200 sma..
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