ICICI BANK LTD.Long
ICICI BANK RANGE BREAK ACTION
-stock as explained earlier had broken out of a bearish trendline
-the stock did retest the los of 540-538
-but bounce back to reclaim 550 on closing basis
-we have seen that whenever a big private bank breaks all time high
-it has managed to rally upto 20%
-keeping that in mind one can execute positional long in icici bank
-buy near 550-546
-enter a stop near 536
-target on short-term can be 572
-positional target can be set to 595-608
-the stock did retest the los of 540-538
-but bounce back to reclaim 550 on closing basis
-we have seen that whenever a big private bank breaks all time high
-it has managed to rally upto 20%
-keeping that in mind one can execute positional long in icici bank
-buy near 550-546
-enter a stop near 536
-target on short-term can be 572
-positional target can be set to 595-608
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