Will Bullish Shark lift ICICI BANK ? Long

ICICI BANKNSE

Description

⋅ Jun 8, 2017 7:09 PM

Hi All,

We have spotted a bullish harmonic shark pattern setup on 15 mins chart of ICICI Bank.

Trade levels highlighted on chart.

Trade levels
Entry @ 318.75
Targets- 321.9 - 323.9
Stop- 316.5

PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any queries, please free to write them in comments. Thank you.

Trade with care.
Gulz.

Trade active

⋅ Jun 9, 2017 3:53 AM

Hit PRZ - Entry only if price action support

Trade active

⋅ Jun 9, 2017 4:01 AM

Shark pattern need active trade management ( not like other patterns)- buy only if shows pull backs or RSI divergence + over sold on lower time frame

Trade active

⋅ Jun 9, 2017 4:10 AM

Price action formed big brother ( shark pattern which ends at 1.13XA instead of 0.886XA) .

Entry 316.6
Stop 315.4
Targets rolled - 319.8- 322

Trade active

⋅ Jun 9, 2017 5:28 AM

Just missed by 0.1 points for target 1 - hold positions as long as it do not break down the trend line

Trade closed: target reached

⋅ Jun 9, 2017 5:31 AM

First target hit.
Position can be hold by moving stop to breakeven for risk free trade & watch the trend line.

Trade closed: target reached

⋅ Jun 9, 2017 7:58 AM

All hit, book full

Comment

⋅ Jun 9, 2017 8:01 AM

So, Shark could lift ICICI without hourly trend line support :)

Bullish Shark

Comments

safri

⋅ Jun 9, 2017 5:32 AM

Good Work.

gulz

⋅ Jun 9, 2017 5:35 AM

@safri, Thanks bro ( trading shark pattern is very interesting :) )

rineeshu

⋅ Jun 8, 2017 7:20 PM

thank u gulz bhai

gulz

⋅ Jun 8, 2017 7:23 PM

@rineeshu, My pleasure :)