ICICIBANK - Broke Weekly Levels

Mar 15, 2017

The stock is in very good uptrend.
Was the biggest contributor in post-election rally. '

Buy according to strategy.
For eg. Aggresive might buy with break of white line as SL and target previous swing high of 293.
Defensive might wait for it to come to the trendline and then buy for medium term.
And so on...

Yellow trendline to aid.

Definitely, a stock to keep in portfolio if you're expecting Nifty to move even higher.

Mar 19, 2017

Note

See on Monday if the high of the daily candle fails to touch the white line.

Mar 20, 2017

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U-Turn from Resistance. Will see if it takes support or breaks down from the trendline.

Mar 21, 2017

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Currently, exactly at yellow trendline.

Mar 21, 2017

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Structure seems negative to me, avoid longs on this support.

Mar 22, 2017

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Down Down Down :D
Confirmed that it won't hold the support.

Mar 23, 2017

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Forms inside doji. waiting for it to come to any of those lines. till then, probably not looking.