strworld
Short

Bearish on ICICI BANK for target of 270

NSE:ICICIBANK   ICICI BANK
We can see on a 30 minutes chart that a range of 293-283 has been broken. The range was intact since 10 days approx. ICICI on daily chart is also bearish . So i recommend shorting ICICI BANK @280-285 with STOP LOSS of 293. Target 270.
Though the risk reward ratio is less but i will still short because of the weakness in the counter.
Good Luck guys .
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