ICICI BANK LTD.Long
ICICI Bank: Keep a close eye
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ICICI Bank
CMP 349
Target for the current set up can be around 415.
Important levels mentioned in the chart itself
On the lower side 335-343 is an important zone which should be protected on a weekly closing basis.
Momentum might be seen once the stock crosses the hurdle of 358-364 zone
Risk::Reward ratio looks favorable for Bulls
Take care & happy trading...!!!
Wish You all a very Happy Diwali...!!!
CMP 349
Target for the current set up can be around 415.
Important levels mentioned in the chart itself
On the lower side 335-343 is an important zone which should be protected on a weekly closing basis.
Momentum might be seen once the stock crosses the hurdle of 358-364 zone
Risk::Reward ratio looks favorable for Bulls
Take care & happy trading...!!!
Wish You all a very Happy Diwali...!!!
Note
When the stock was trading at 349 We had mentioned 335-343 zone should be hold on to. Well the low made thereafter is 336 and now the stock is up at 377.
Partial profit booking is recommended around 380 and trail SL to 355 for balance
Happy trading...!!!
Note
Nifty is exactly at channel resistance
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