---BY NAYAK AJIT SRINIVAS

Get ready to buy blue-chips If we welcome election correction

ICICI BANK CMP 1343
Correction expected till 1220
Short term target - 1750 ( 3 month)
Long term target- 1950 (2 year )
STOPLOSS -1100


Pattern -Reverse head and Shoulder (Short term)



---BY NAYAK AJIT SRINIVAS






Ascending triangle ( long term)



WHY THIS STOCK ?
1. INVERSE HEAD AND SHOULDER ( IN THIS CASE CONTINUATION PATTERN)
2. RSI BULL SHIFT ON DAILY , WEEKLY CHART
3. ASCENDING TRIALNGLE ON WEEKLY CHART
4. BULLSIH PHYCHOLOGIACL SHIFT IF MONTHLY CLOSE ABOVE
1270.

---BY NAYAK AJIT SRINIVAS


HOW TO TRDE THIS STOCK ??
1. WE ARE NEAR TO THE EVENT DAY SO ONE MAY WAITH FOR
THE DESECENT CORRETION AND ACCUMLATE IN THE ZONE
OF 1250- 1180 .
2. WE EXPECT THIS STOCK TO TEST 1750 WITH IN 3 MONTH TIME
FRAME AND 1950-2200 IN 2 YEAR HORIZON.
3. SHORT TERM TRADER MUST USE STOP LOSS OF 1110 ON
CLOSING BASIS


Note :- One must not invest 15% of total capital in single script.