Evening star in ICICI Bank

Oct 13, 2020

1) Evening star has formed after a strong uptrend
2) Formed @ 200 SMA
3) Banknifty also got rejected @ 200 SMA

Tgt: 360 (partial profit @ 380)
SL: 401

Oct 14, 2020

Trade closed: stop reached

Oct 27, 2020

Note

If a stock doesn't move according your prediction, it's always better to move out.
Usually after an evening star if the next successive candle is a red candle & has made a new low..there's high chance that it'll go in the direction strongly.
Good that there was a small SL which helped us exit very early.