960 is upon us again. ICICI Bank has a number of factors lined up this time. However there is one missing piece that i would like to see fall into place to confirm this breakout
Several breakouts in ICICI Bank have failed in the last 12 months. This time maybe different
Other banks like Axis, PNB are moving strongly, so a move in ICICI Bank was expected
...
Nifty needs some time to digest the current upmove. It is pretty extended from the 21 EMA and the 50 EMA
See the video to understand why patience is your friend right. Staying light and not adding aggressively is the key. Wait for lower levels - 19400 or so
Short? No as we are very much still in a bull market! (remember - higher highs and higher lows)
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Bharti continues to be a good trade on the long side. The markets are a tad soft after a big run from 16800 levels - and a bit of a soft period for the Nifty in the next couple weeks can be expected. So would stay light on the long side as of now - very selective. However Bharti is one stock would stay very productive on because
Shake out on 14th of June -...
