ICICI BANK -DOUBLE BOTTOM

[Srinivas gupta]

Symbol:ICICI BANK

Direction:Long

Entry-level:232.2

Stop loss:220.3

Target:244.2

Pattern recognised from 7-4-16 to 20-5-16(more than one month to form)

[Udayarka Pakala]

Hi, I feel that the pattern is not that much clear to be quality for double bottom scenario, Because long position could be considered if stock goes high to previous top but it the chart is not like that. Please review, Please correct me if I am wrong. Thanks

[Srinivas gupta]

In the above picture 232.2 is the previous top so i have created a long position there.

[Author]

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