nano6yogesh

ICICI Bank - Topped out ?

Short
NSE:ICICIBANK   ICICI BANK
After a very swift rally from 257 to 345 levels, looks like profit booking is due in ICICI bank NSE: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.


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