Get started
indiamarketoutlook

ICICI Bank: Chart set up and trading strategy

ICICI BANK (NSE:ICICIBANK)  
indiamarketoutlook  
NSE:ICICIBANK   ICICI BANK
Trend Analysis Chart Patterns ICICIBANK NIFTY tradingview
4
2
trendanalysis chartpattern icicibank nifty tradingview
ICICI Bank

Observation

- 20 day EMA is at 636

- 50 day EMA is at 626


Given the set up, one may consider a Bull Put spread strategy

Sell 620 Put option around 9 - 10

Buy 600 Put option around 4 - 4.5

Lot size 1375

The strategy has a yield potential of 12.7% approximately on margin requirement & has an inbuilt loss protection for a fall in price up to 615 till 29 July expiry

Take care & safe trading

Related Ideas

indiamarketoutlook
Bharti Airtel: Remember what was said for Bharti Airtel at 525
indiamarketoutlook
Infy: Triple top formation observed in hourly chart
indiamarketoutlook
BHEL Chart set up and view
indiamarketoutlook
Nifty: Will history repeat itself?
indiamarketoutlook
Tata Motors: Chart set up & trading strategy
indiamarketoutlook
NMDC: Near support levels
indiamarketoutlook
Bharti Airtel: Can Bharti make a good cup of tea??? 😉
indiamarketoutlook
Kotak Bank: Chart set up & trading strategy
indiamarketoutlook
Nifty: Bullish Harami Candlestick pattern observed near Support
indiamarketoutlook
Infy: Chart set up and trading strategy for July month
indiamarketoutlook
Reliance: Chart set up & trading strategy for July F&O expiry
indiamarketoutlook
Aurobindo Pharma: Get well soon 🙂
indiamarketoutlook
ICICI Bank: Chart set up and Trading strategy...!!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.