ICICI Bank good for short+long termPossibility 1
:-Gap fill and continue up trend
Possibility 2
:-Gap fill+ retest of falling wedge supply zone
but but!!!!
times are hard, covid 19 cases are continuosly rising at an alarming rate and this same type of market structure nifty formed last year before crashing down to
near 7500 levels
last trading day foreign investors sold a whopping 3500 crores in just a single day
this type of large selling has been done only few times in the last 1 year and we have seen what this means
this clearly means investors are now on a reality check and especially FIIs ( Foreign institution Investors ) are pooling out their money little by little
so make sure if you investing then dont go all at once.
start an SIP, this is the ideal moment where you can start SIP and go for blue chips which you know
diversify your portfolio, and i would suggest play defensive this time and choose defensive stocks at this point of time
anyways, all these are just views. No one can predict the market and we have seen that in the last few days
covid cases rising and markets rising continuously without a head and tail
if situation persists, sooner or later everyone is going to react and it seriously takes only 1 day to take down your whole portfolio down by 10%
so invest wisely, and make sure you make the least mistakes possible
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