ICICI Bank - Topped out ?
After a very swift rally from 257 to 345 levels, looks like profit booking is due in ICICI bank
ICICIBANK.
I can see that the stock has failed to clear major trendline resistance and also got rejected at 78.6% of its previous downmove.
Good opportunity to short here with a stop loss just above the trendline and a target around 311 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
ICICIBANK.I can see that the stock has failed to clear major trendline resistance and also got rejected at 78.6% of its previous downmove.
Good opportunity to short here with a stop loss just above the trendline and a target around 311 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Disclaimer
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