ICT concepts coupled with price action
575 was the best entry as it formed a FVG after a MSS and sell side liquidity was taken out.
Au bank released its earnings and although profits fell, NPA,GPA were down as well showing strong management. NII was up 10% which is another major sign and it beat estimates.
Technical signals
Bullish flag with a bullish engulfing candle which is validated by volume and on the 50ema couples with ICT also trading makes it a high probability set up.
Keep It Simple
575 was the best entry as it formed a FVG after a MSS and sell side liquidity was taken out.
Au bank released its earnings and although profits fell, NPA,GPA were down as well showing strong management. NII was up 10% which is another major sign and it beat estimates.
Technical signals
Bullish flag with a bullish engulfing candle which is validated by volume and on the 50ema couples with ICT also trading makes it a high probability set up.
Keep It Simple
Comment:
I am initiating a trade as well as an investment in AU small finance Bank.. will keep you updated
Comment:
Solid breakout from this peannant pattern with a 6% day.. I added more positions before the close