Nifty and Banknifty have formed a shooting star pattern today after Karnataka Election Results which may indicate trend reversal.
I am looking for shorting opportunities in relatively weak private sector banks like ICICI
ICICIBANK and Axis 
AXISBANK who came up with bad results but have gone up significantly.
Here I see a Bearish candle around 50% Fibonacci Retracement level (Countertrend) of the downtrend which began on Jan 29.
I think there is a high probability that the stock me test 293 levels again to fill the gap it left earlier on May 8.
Took short position in ICICI Bank with stop loss a few points above today’s high for first target of around 275.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
I am looking for shorting opportunities in relatively weak private sector banks like ICICI
ICICIBANK and Axis AXISBANK who came up with bad results but have gone up significantly.Here I see a Bearish candle around 50% Fibonacci Retracement level (Countertrend) of the downtrend which began on Jan 29.
I think there is a high probability that the stock me test 293 levels again to fill the gap it left earlier on May 8.
Took short position in ICICI Bank with stop loss a few points above today’s high for first target of around 275.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。