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Buy @ CMP with SL 1430

Discussion in 'Technical Analysis' started by naveen1241, Jun 10, 2014.

  1. naveen1241

    naveen1241 Responder

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    Hi All,

    I think ICICI is a buy @ 1480 levels with SL 1430 and target near 1600 levels.

    Thanks
    Naveen
     
    naveen1241, Jun 10, 2014
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  2. srspriya06

    srspriya06 Active Member

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    Yes. But Stoploss is 1400.
     
    srspriya06, Jun 10, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Exactly
     
    shabbir, Jun 10, 2014
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  4. verenmitter2001

    verenmitter2001 Member

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    Hi
    Can Icici bank be bought at cmp with 1395 as sl or we should wait for few more days?

    regards
    veren
     
    verenmitter2001, Jun 26, 2014
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  5. naveen1241

    naveen1241 Responder

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    Personally, I have took small position with 1390 closing SL .

    Thanks
    Naveen
     
    naveen1241, Jun 26, 2014
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  6. srspriya06

    srspriya06 Active Member

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    It can be a buy above 1458.
     
    srspriya06, Jun 26, 2014
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  7. shabbir

    shabbir Administrator Staff Member

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    I would wait because this stock looks like in consolidation phase between 1400 and 1500 and so above 1500 is great and below 1400 is avoid.
     
    shabbir, Jun 26, 2014
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    shwetagnema likes this.
  8. monilhathi

    monilhathi New Member

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    Hi Shabbir, isnt it better to avoid Banking stocks till the time budget is announced? They may suceptible to wild swings till 10/11 July.
     
    monilhathi, Jun 29, 2014
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  9. shabbir

    shabbir Administrator Staff Member

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    Yes but if patterns are right and if you are religious about stop loss, you should be fine testing it out.
     
    shabbir, Jun 29, 2014
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