1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

ICICI bank

Discussion in 'Technical Analysis' started by suneelkoul, Oct 4, 2012.

Tags:
  1. suneelkoul

    suneelkoul New Member

    Joined:
    Sep 3, 2012
    Messages:
    20
    Likes Received:
    0
    Hi,

    Looks like ICICI Bank has closed above long term resistance of 1086. The vol seems to be OK but not sure if it is enough.
    I am looking to buy aroung 1088 SL 1077 and Tgt1 at 1115

    Kindly add your views.

    Thanks,
    Sunil
     
    suneelkoul, Oct 4, 2012
    Share #1
  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important

    Chart is really interesting see the below thread
    http://diytechnicalanalysis.com/members/showthread.php?t=389&highlight=icici

    But I am unable to find out stop @ 1077.

    Trade which can be done in icici are :-
    Buy @ 1088 or above with stop of 1043.50 for the target of 1133-1178-1223.

    Buy @ 1086 or above with stop of 1046 and start trailing the stock on previous candle or current candle low whichever is low on closing basis.

    The best call it should be buy @ cmp or above with stop of 990 and target for 1200 or above.

    Now u have to decide which is looking more interesting.

    It is my view only, Plz take others view too.
     
    sanjay_sansanwal, Oct 5, 2012
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes I would go with Sanjay's number of SL.
     
    shabbir, Oct 5, 2012
    Share #3