Icici Bank: Results, chart set up and trading strategy
ICICI Bank is expected to come out with results.
The stock has tested it's 76.4% retracement.
Given the chart set up, one may consider a Bear Call spread strategy for May expiry.
Sell 900 Call option and Buy 920 Call option.
Profit potential of 19% on margin.
Take care and safe trading...!!!
The stock has tested it's 76.4% retracement.
Given the chart set up, one may consider a Bear Call spread strategy for May expiry.
Sell 900 Call option and Buy 920 Call option.
Profit potential of 19% on margin.
Take care and safe trading...!!!
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