aarki_gg

Icici bank - Flag breakout

Alış
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

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.