DABUR is about to come down, as it broke the channel pattern, retraced back and ready for a bigger move.
SHORT RISK/REWARDS are mentioned in the chart.
Target - 494.75, 480.15
SL - 507.8
ICICI Bank
CMP 337
An interesting observation on a multi year chart
- we are looking at 13 year time frame for ICICI Bank
- each time ICICI Bank came near the upper end of the channel it has terminated its uptrend
- interestingly ICICI Bank has tested & terminated its rally at the upper end of the channel around January time on all the 3 previous occasions...
