ICICIPRULI
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1. Higher Highs, Higher Lows are made.
2. A strong weekly resistance is broken.
WHERE TO ENTER
-------------------------
1. It is a fundamental of the technical analysis to enter on retest. The stock is eventually retesting the resistance changed as support now. One can buy after it reaches the support and take a U turn from there.
2. Many of us, feel bad not bought it at low, if it goes up huge in a day. Those can buy 25% or 50% now and wait for the U turn. After the U turn, they can buy the remaining.
WHERE IS THE STOP LOSS
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If it closes below 520 on a daily closing basis, then we can exit at 3.25PM on the same day.
WHERE TO BOOK PROFIT
-------------------------
It can go to 625 in 4-6 weeks. That can be the first target.
-------------------------
1. Higher Highs, Higher Lows are made.
2. A strong weekly resistance is broken.
WHERE TO ENTER
-------------------------
1. It is a fundamental of the technical analysis to enter on retest. The stock is eventually retesting the resistance changed as support now. One can buy after it reaches the support and take a U turn from there.
2. Many of us, feel bad not bought it at low, if it goes up huge in a day. Those can buy 25% or 50% now and wait for the U turn. After the U turn, they can buy the remaining.
WHERE IS THE STOP LOSS
-------------------------
If it closes below 520 on a daily closing basis, then we can exit at 3.25PM on the same day.
WHERE TO BOOK PROFIT
-------------------------
It can go to 625 in 4-6 weeks. That can be the first target.