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
Note
Near to first Target now, scale out to secure some profits here and let the remaining run with a TSLNote
Got our 600 target. Now trail SL @580 and hold towards second target 650 in a months timeframe, prolly before Earnings
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If you like my work and would like to appreciate, then give me a follow me on X (formerly Twitter)
x.com/adkis7
x.com/adkis7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.