i feel that the stock can be good to hold for a short time span as the indicators are bullish and overall trend looks enough positive
by keeping a trailing stop loss would like to go long on this stock !!!!!!!
for atleast upto next 2 months!
ICICI is on a bood or doom mission
taking support at a very strong base trend line. Witness a high income trade in a day or 2
Sell below the trend line (290) for a target of 270 or below.
Buy above 295 for target of 302 / 312 in a few days
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
Happy Republic Day,
fellow Indians.
Here, I am sharing a good potential setup for ICICIBANK.
it's in an ascending channel, which you can see in the chart in related ideas.
The lines I have drawn have significance from previous levels.
I have marked prices accordingly.
Hughe volume also see in the last few hours increasing the probability of upmove.
So,
take...
ICICI bank has been trading in a rising channel and now near lower band of channel and should take support at lower band of this channel, hence generating a buy call in it with sl just below the support line as shown in the chart with expected gain of around 20% in next 30-45 days.
ICICI Bank closed at the top of trend line.It also a double top.Last time its down trend started from here touched to Rs.180 from where the trend reversed.
The bank’s gross non-performing assets (NPAs) more than doubled to Rs32,178.60 crore in the three months ended 30 September from Rs15,857 crore a year ago. Gross NPAs made up 6.82% of the bank’s loan book,...
I have marked the waves in the chart and here I will explain them a little more in detail.
Wave 2 is a deep correction of wave 1 and retraces 76.4% of the wave 1.
Wave 3 is a 161.8% extension of the wave 1 and is composed of five inner waves, though I have not marked them on the chart to avoid too much confusion.
Wave 4 is a 38.2% correction of wave 2. Again...
