Icici bank - Flag breakout
ICICIBANKcontext of breakout is more important than breakout itself
1) Breakout is happening at new ATH and 52 week high
2) Breakout is happening after a consolidation period of 2-3 weeks AFTER the stock ran up significantly.
this shallow pullback shows that despite the stock ran up, there are no significant sellers, stock is under institutional accumulation
Long - CMP
SL - 865
Targets - no targets, just keep trailing with swing lows and then 50 DMA
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