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ICICI Bank: Chart set up and Trading strategy...!!!ICICI Bank Closing price 527 We observe - The stock trading in phases of Consolidation and directional trade phase alternately - The stock has just given a directional movement - Are we going to see a Consolidation Phase now? Given the chart setup: One may consider an Iron Condor Strategy here. It is a 4-part combination of Sell and Buy of Call & Put options - Sell 560 Call option (Closing Price 8.50) - Buy 580 Call option (Closing Price 4.60) - Sell 500 Put Option (Closing Price 7.35) - Buy 480 Put Option (Closing Price 3.65) The strategy would have a max profit of Rs 10450/- if it closes anywhere in between 500-550 on 28 Jan 2021. Yield potential on strategy 14% Loss in strategy if ICICI Bank Closes below 492 or above 558 on 28 January 2021 Any trading decision should be taken after assessing your risk management and if you are comfortable with the risk involved as against the reward potential it has. Take care & safe trading…!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ICICIBANK
by indiamarketoutlook
2
ICICI PRU LIFE: Chart set up & strategyICICI Pru Life CMP 421.20 We recently had recommended a long positional strategy for the stock with a price target of 416 and it has achieved that. Now we are looking at a longer time horizon and bigger picture - the red zone has played a crucial role in the past Given the chart set up one may consider selling either once the orange line is taken out or on rise as closer to the red zone possible - the target for the set up may be 368 / 336 / 304 This is a positional view __________________________________________________________________________________ Alternatively Consider selling 30 July 2020 440 Call Option between 16-24 (CMP 17) Yield potential 10.5% - 16% till 30th July 2020 The strategy covers loss protection for a rise in price up to 456-464 till 30 July 2020 Take care & safe trading...!!!
NSE:ICICIPRULIShort
by indiamarketoutlook