ICICI Bank Remains Sell : Short Term Trend Is Down

0 comments
ICICI Bank was a relative outperformer in the banking sector. From Rs 760 it went all the way to Rs 980 in the recent uptrend. So, it was a significant outperformer, even within the banking sector. But something has happened drastically in this stock. ICICI Bank has been falling almost consistently day after day. In five days, it has lost a lot of its gains.

For ICICI Bank short term trend is clearly down. So, for traders, ICICI Bank remains a sell. We must understand that at some point you should cover your short positions, if you have them because it is a relatively better bank. So, this is a very small short position that you should carry.

Get Daily Tips Directly on Email

Followers

Blogger news

What We Provide

We give Intraday Stock Tips, Markets Outlook, Nifty Tips Tomorrow, Futures Options Tips, Bank Nifty Tips, MCX Commodity Tips..

Free Trial Tips On Mobile By SMS

Subscribe us to get FREE TRIAL in stocks & commodity tips on your mobile by sms. We offer 2 days Free Trial for stock tips and commodity tips....... 2 Days Free Trial

Classified Ad Listing

FREE MCX and NCDEX DAILY TIPS ON MOBILE BY SMS
Get Daily MCX and NCDEX tips with more than 90% accuracy on your MOBILE phone by SMS. We provide sure shot MCX and NCDEX Commodity tips with atleast 3-5% return on an intraday trading basis.
Free Trial

Disclaimer

This blog is not intended as professional advice. The author disclaims any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.

Stock Market Trading Tips