Q1 Results for ICICI Bank have come ! Should you be Buying it ?
As the Q1 results of ICICI Bank have come you may thinking if you must buy and hold the stock. If yes! Then what should be your targets for the same. In this Analysis I will try to share my entry points and targets which will help you get into the market and gain your profits.
The Strategy
I Recommend the entry for Short term , as the Stock seems to sustain above 20 EMA and the MACD is in buy zone we can take entry at the Swing High which is 385.50. Once the Stock crosses 385.50 a momentum can be seen in the stock. We must exit at 1 or 2 points at max as the Candles would be away from the support zone. Keeping the Quantity more ie. nearby 1000 or 2000 can easily help us make 1000 to 2000 INR on Monday morning.
Entry and Exit Price - TARGET
Entry / Buy Price : 385.55
Exit / Target Price : 386.55
Long Term Vision : NOT RECOMMENDED
The Strategy
I Recommend the entry for Short term , as the Stock seems to sustain above 20 EMA and the MACD is in buy zone we can take entry at the Swing High which is 385.50. Once the Stock crosses 385.50 a momentum can be seen in the stock. We must exit at 1 or 2 points at max as the Candles would be away from the support zone. Keeping the Quantity more ie. nearby 1000 or 2000 can easily help us make 1000 to 2000 INR on Monday morning.
Entry and Exit Price - TARGET
Entry / Buy Price : 385.55
Exit / Target Price : 386.55
Long Term Vision : NOT RECOMMENDED