Friday, 5 October 2012

ICICI BANK




One can clearly see a dark cloud cover cum hanging man candle formed on icici bank daily chart which indicates bearishness in the stock, MACD is also about to give a sell sign, RSI is also showing that it is overbought so i expect it to fall a bit.                           
So in that case one can Short Sell ICICIBANK OCTOBER 1100 STRIKE CALL @ 23-24 and Buy around 15.
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1 comment:

  1. Unknown8 October 2012 at 11:19

    ICICIBANK 1100 STRIKE CALL made a low of 14.20 and closed at 14.40. Target achieved..:)

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