Icici movement shall be supported by bnf, agree with your idea, predicated pattern on icici few days week given satisfactory results.
Very gud work keep it up
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AmrithPrasobhP
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i am still holding it. bought at 370 now ltp 369.... hoping it would rise to 393... i am a beginner, any guidance???
Equity-Earningz
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@AmrithPrasobhP, I think you should exit. Banknifty is weak and pullbacks are not able to sustain at higher levels. If I were you, I would prefer to exiting at 367-370. Because it already hit the stop-loss.
AmrithPrasobhP
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@Equity-Earningz, i am doing swing trading, alreay lost near 1k in another stock :( in an intraday few days back... is it ok if iam holding it for a few weeks?
Equity-Earningz
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@AmrithPrasobhP, I really don't do intraday just for the same reason. Intraday is really time-consuming and rarely profitable. It's better to stick with positional swing trading. About holding banks, today again pullback sold off but in second after 2 PM, banknifty reversed and made new day high. So this is a positive structure and expecting more upside. I'm holding Axis bank and Hdfcbank. In Icici bank I stopped out yesterday.
Charlies_Angel
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stoploss triggered
Equity-Earningz
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@Charlies_Angel, Yes, Stop triggered. Any single tick below 361 is a SL hit.
Charlies_Angel
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@Equity-Earningz, what do you think the reason is for the fall in bank nifty today ? I was watching couple of stocks - axisbank, rblbank for swing entry. Although it started off well, bears started taking control. I am still holding then anyway.
Equity-Earningz
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@Charlies_Angel, Banknifty's angels are falling, Hdfcbank - Icicibank - Axis bank. Since 31st August it's been 11 trading sessions, and Banknifty closed negative in 10 sessions. Banks are weak, and pullbacks are getting sold off. 21750 is a 0.382% retracement level ( March Low to August High )and bank nifty can test that level.
Very gud work keep it up
Stay tuned on mcpriceaction