12 April 2014

ICICIBANK

Week of 2nd June

Correction.
Probable target points in Blue highlight in the chart.
1356 seems to be the final destination and BUY area with minimum stop.

30 Min Chart






Week of 25th May

Probable targets.


Hourly




Moved above 1400 and retraced.
Since BANKNIFTY is extending target this stock should start the move to All time High soon.
Above All time High starts the danger zone though.

Week of 12th Apr

Primary target done with an overshoot but did not hit final target just under 1400. May attempt in this week. But be careful as the BANKNIFTY has completed its target.

Week of 5th May

Simplified process of trading.
Follow the trend line support and resistance.
Target remains same.


Hourly




29th Apr

Caution: Failure to x 1286 may still prompt move down to 1241 and then scale the higher target of 1348.



Week of 28th Apr

Next course of action should be in this pattern.
1243
1310
Retracement
1348


Hourly



22nd Apr

Target achieved !
Anything more is Bonus trade above DH.
Possible targets are
1325
1348

15th Apr

Micro Count
1285+
SL 1225

Hourly

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