0A7M trade ideas
ICICIBANK Looking good to go Long in ICICIBANK
All the key levels are mentioned in chart with Stop-loss and Targets
Overall Waves view in Daily time frame
Channel view in Daily Time Frame
Key Levels
RSI in hourly above 60
Adx Dmi in hourly positive
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
buy icici fo longbuy abv:644
trgt-647-650-653
stop loss 640
Disclaimer: The above is shared just for educational purpose and is my personal view.
By no means shall I be accountable for any debits/losses amounting out of it.
I am not a SEBI registered Analyst, so please consult your Investment Advisor and take rational decisions
ICICI Bank Bull Call SpreadICICI Spot: 623
Breakeven: 624
Buy ITM: CE 600 @ 28.30
Short OTM: CE 640 @ 5.95
Theta: +0.12 (Theta Neutral)
Delta: +0.47
Probability: 49 %
Max Pofit: +25K
Max Loss: -30K
Exit
SL: Spot Slips below 615 on a closing basis
Target: Profit > 10K (Spot > 632)
Rationale:
RS: +VE Stock
Price: Bullish Candle (Reversal) - Price is above 20 EMA (600) & 50 EMA (590) Strong support Zone - Value Area.
RS: Break Out from descending trend line
RSI: Break Out from previous high
Bank Nifty: Bullish