ICICIPRU: The Mad Stock

Apr 29, 2018

This is a highly volatile stock so risk averse traders can simply ignore this trade.
Notes on the chart.

May 4, 2018

Note

The stock gave one shorting opportunity near the falling trend line and hit the first target.
Although not performing as expected yet consolidating. The stock can be a good long at the levels mentioned.
We may look for seller failure below the triangle base to enter long.

May 5, 2018

Note

The triangle has turned into a range. I would still look to sell the fake breakouts and buy into our support level mentioned above.

May 25, 2018

Note

Very nice bounce from support mentioned earlier. Stop at breakeven, target 420.

May 25, 2018

Trade closed: target reached

closed at 419.80

May 25, 2018

Note

May go to 423-425 today but who cares. I have taken the juicy part of this trade and that's sufficient.

May 27, 2018

Note

May 28, 2018

Note

Stock pulled back from 425 but the pullback was shallow, I was expecting deeper pullback so did not enter on break above 425 as planned yesterday. However it was just shy of kissing the first target. Later it pulled back to support zone near 423. I am still waiting for a deeper retracement.
Enjoy.