before a big fall.
People long in ICICI Bank should keep stop loss to prevent themselves from losses
Chart structure suggests a possible 5 down if 280 is not held.
This view goes for a toss if ICIC trades above 330 and gives a close above that.
Shorts can have a big gain in it if shorted accordingly.
So track this script closely
Regards
Rish
RESEARCH REPORTS
Though today ICICI Bank made a new low, the fall from breach of HnS Neck Line does'n seems to be enough. i expect very limited upside and more pain from current levels.
ReplyDeleteHi Rish
ReplyDeleteIs it possible for you to give the reasons for the different levels mentioned? Why will it go to 300 and why will it drop thereafter? Where can it go if 280 is not held?
Very timely comment
ReplyDeleteHi Subhankar
ReplyDeleteThe different levels are outcome of wave analysis 280-90 being a good support a rise reaction is not ruled out that why a rise towards 300 which in fact came today.
Great man again you proved yourself
ReplyDeleteexcellent call yet again.. you rock..
ReplyDeleteICICI is reversed from 252 levels back to 280+. Whats the next level on it now?
Sometimes,too long is too long.- Very Good Morning- Have a nice day-
ReplyDeleteICICI bank witnessed nice dump saw 250 levels expect some rises before more dump
ReplyDeleteI see first resistance at 285 and if breach then 290 then it fall again or remain side vise till nifty fall
ReplyDeleteThe great thing about this post is quality information. I always like to read amazingly useful and quality content. Your article is amazing, thank you for sharing this article.
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