Long buildup can be see in icici bank on daily charts. as you can see the bullish pattern formations on the charts so its a BUY with a target of 280 and a strict stoploss should be maintained at 245 on closing basis. because its seen that most of times it just gives shadow at the bottom levels .
Comments
jayanandha
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Hi Vaibhav,
Thanks for sharing this information. I am already long in ICICI @252.10
Regards,
nandha
iamvaibhavkr
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@jayanandha, Welcome, For more trading ideas you can follow my page in.tradingview.com/u/Metrotek_Financials
because i won't be updating anymore ideas from this account.
neneram
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whats the Hurry ?
Let it show lower shadow and than go long.
iamvaibhavkr
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@neneram, very good question but let me tell you that the probability of lower shadow is less than the probability of upside potential of the stock. So that's why i am suggesting it a buy on current levels that is between 250 - 255.
Thanks for sharing this information. I am already long in ICICI @252.10
Regards,
nandha