We can see on a 30 minutes chart that a range of 293-283 has been broken. The range was intact since 10 days approx. ICICI on daily chart is also bearish. So i recommend shorting ICICI BANK @280-285 with STOP LOSS of 293. Target 270.
Though the risk reward ratio is less but i will still short because of the weakness in the counter.
Good Luck guys .
Hi All ,
No naked put /call /buy /sell
Lot size 2750 (Risk is 30% of premium i.e 7*2750=19250), so if you have 2 lakh capital than take it or its not for you.
Buy Apr 280 call @ 13.5
Buy Apr 280 put @ 7.5
Try to buy As close as possible to 280 so wait patiently , If price goes to 290 than you try to buy 290 put /call pair@ 21
Remember to buy as close...
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,
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.