aarki_gg

Icici bank - Flag breakout

Pembelian
NSE:ICICIBANK   ICICI BANK
ICICIBANK

context of breakout is more important than breakout itself

1) Breakout is happening at new ATH and 52 week high

2) Breakout is happening after a consolidation period of 2-3 weeks AFTER the stock ran up significantly.
this shallow pullback shows that despite the stock ran up, there are no significant sellers, stock is under institutional accumulation

Long - CMP
SL - 865
Targets - no targets, just keep trailing with swing lows and then 50 DMA

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.