ICICIBANK,AT BOTTOM OF UPWARD CHANNEL for NSE:ICICIBANK by Siddharth_24

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1. ICICIBANK ; IN CHANNEL SCIENCE LAST 44 SESSIONS
2. STOCK REBOUND FROM ITS LONG TERM SUPPORT/RESISTANCE AT ~345
3. RISK REWORD FAVORABLE GO LONG FOR 1ST TARGET 371 TO 375 AND 2ND TARGET CHANNELS TOP AROUND 395 TO 400 (NEAR 200 EMA ) PROTECTIVE STOP AT 325
4. FUNDAMENTALLY VERY STRONG

Trade closed manually: Close as 1st target already achieved around 374.30

Comments

nice analysis! should I wait for 380 or book profit in between?? at which level??

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jnashra

@jnashra, around 380 it will face dynamic S/R 100 EMA (which is respected in previous peaks) and if share rebound than book profit in half lot and be in trade (if overall market is in trend) AS PER MY UNDERSTANDING

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Siddharth_24

@Siddharth_24, thanks, bro!👍

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