After consolidation for several days, ICICIBank has been in uptrend for a few days. Today it opened with a Gap up and held its Gap.
These kind of Gaps are created by The Smart Money just before some big news about to become public or when they are interested to take prices to their targets in lesser time.
Tomorrow if it sustains its gap and rises further, then, it can be a good candidate for buy for targets of 550 and 600 with in 2-3 months.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.
These kind of Gaps are created by The Smart Money just before some big news about to become public or when they are interested to take prices to their targets in lesser time.
Tomorrow if it sustains its gap and rises further, then, it can be a good candidate for buy for targets of 550 and 600 with in 2-3 months.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.