ICICIPRULI seems to be forming a falling wedge pattern on the weekly timeframe.
Can go long with a Stop Loss of below 520 on DAILY closing basis for targets
Target 1 - 600
Target 2 - 650
Target 3 - All Time high level
Best entry would be a level close to 540/535. I would start a position at these levels and more if I can get 535 levels. Stop Loss as mentioned would be below 520
Can go long with a Stop Loss of below 520 on DAILY closing basis for targets
Target 1 - 600
Target 2 - 650
Target 3 - All Time high level
Best entry would be a level close to 540/535. I would start a position at these levels and more if I can get 535 levels. Stop Loss as mentioned would be below 520
Comment:
Near to first Target now, scale out to secure some profits here and let the remaining run with a TSL
Comment:
Got our 600 target. Now trail SL @580 and hold towards second target 650 in a months timeframe, prolly before Earnings