ICICI BANK LTD.Short
ICICI bank liquidity grab & failed BOS
Updated
ICICI Bank tried to break structure but couldn't close above it hence giving a failed BOS. The candle that created the failed BOS has a big upper shadow further indicating a liquidity grab. Therefore, shorts can be taken with today's high as SL & target at friday's low & even lower.
Trade closed: stop reached
It tried to go down in the morning but & played with the BOS line which it ultimately closed above changing the view from bearish to neutral/slightly bullish. I have not turned a complete bull because in order to establish a proper bull trend it needs to give minimum 2 BOS thereby forming a HH & HL pattern.
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