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Wednesday, 24 April 2013

ICICI Bank

ICICI Bank

Ok guys who are long in ICICI Bank, its time to get cautious for them. ICICI Bank is heading towards an important resistence level, even yesterday it also stopped @ the Gann SQ9 Level which was @ 1163 and the yesterday's high was 1164.9.
Now its time to change hands with BEARS (I Love them). Say BYE- BYE to the BULLS and get ready to WELCOME the BEARS.
The major resistence level for ICICI Bank is 1179 & 1194. Start taking short positions @ these levels with stop-loss @ 1200 (Closing Basis). Targets are 1180 , 1154-1148, 1120, 1055, 1021, 984 (important support).
Look friends I may be wrong but my faith on my system is making me stable in this market. Dont work without stop-loss. Ther are the saviors of a trader.



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