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smangaonkar3979
Aug 3, 2020 11:25 AM

ICICI Bank - Consolidation  Long

ICICI BANKNSE

Description

ICICI Bank has consolidated in 340-345 range. Even when bank nifty was falling, this stock held its range and didn't fall further. I think this is a sign of bull run that is going to start once negative sentiment wipes off from the market.
At this price, one can blindly take a position for the long term. If global sentiments are positive, we can see positive movement in this from 4th August. I have taken a position in this and willing to hold it for a month.
Comments
smangaonkar3979
Next target is 375. Book profit at 375, allow it to retrace and enter again.
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