Saturday, May 8, 2010

ICICI Views!!!

7 comments:

  1. Hi,

    I have bought ICICIBANK 880 PA at 20 now at 10 based on the above pattern..is this pattern still valid as the price moved above tjhe
    neckline.. please provide SL.

    Thanks
    Gnana

    ReplyDelete
  2. Sekar

    Aggressive short should have been somethin above the neckline (approx 915/20) and conservative at the top of the right shoulder.

    Yes the pattern is valid as long as we dont take out the right shoulder....

    Cheers

    ReplyDelete
  3. Thank you very much Monoj!

    yes i should have taken at the right shoulder. let us how it plays..

    Once again thanks for the reply. Keep posting, its very informative and helpful for people like us.

    ReplyDelete
  4. Sekar

    I appreciate that you like the views on the blog...

    But it scares if these are to be taken as trading recommendations...

    I would be rather happy if you do your due diligence and use this blog to corroborate your OWN analysis!

    Cheers!!!

    ReplyDelete
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