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Bought @ 271

Discussion in 'Technical Analysis' started by jignesh_acharya, Sep 14, 2015.

  1. jignesh_acharya

    jignesh_acharya Active Member

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    Bought ICICIbank @ 271 today
    SL 260 and Tgt 285
    Please advise
     
    jignesh_acharya, Sep 14, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    I don't see any pattern being formed. What made you to enter ?
     
    shabbir, Sep 14, 2015
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  3. saptarshi_sachin

    saptarshi_sachin Responder

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    I think it was more of a conviction buy...

    And with Fed not going with a rate hike, the tide is in favour of your conviction. If you are with it, hold on, but keep trailing to avoid more risk.

    To my sense, there was short covering happening in icici bank, and possibly more to come...
    Up next, Sept 29 Rbi monetary policy coming up. Till then, fingers crossed...

    Sent from my XT1033 using Tapatalk
     
    saptarshi_sachin, Sep 19, 2015
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