ICICI bank - Long above 770 SL 739
Updated
I marked all details in the chart.
Rationale
1. One of the highest weight in Bank nifty. I expect bank nifty to perform better than Nifty
2. W Pattern is in making. White line marked is a strong resistance breaking up of that would lead to quick move.
3. SL is based on Fibo
Points to Note.
1. Keep tight SL of 735 DCB.
2. High risk and reward trade.
Rationale
1. One of the highest weight in Bank nifty. I expect bank nifty to perform better than Nifty
2. W Pattern is in making. White line marked is a strong resistance breaking up of that would lead to quick move.
3. SL is based on Fibo
Points to Note.
1. Keep tight SL of 735 DCB.
2. High risk and reward trade.
Trade active
Super bullish on a weekly time frame. May face some correction till 15 June.Note
Currently, taken the support on the marked area. I am still bullish and will add at the current level.
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