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gurinder7505
Jul 17, 2022 8:09 PM

ICICI Bank is ready to move forward Long

ICICI BANKNSE

Description

Breaking up a great consolidation with a triangle pattern on daily timeframe.
Comments
Sai_Kumar
you chose the start the upper line from the "top of the candle" on 25th October 2021, but let it pass through the candle range on 18th Jan 2022.
don't do this, for your own sake. let the chart tell you where the line goes, don't fit in a line.

i'd draw it this way
gurinder7505
@Sai_Kumar, I got it bro, but I have checked other technicals in order to take this trade and it's working fine so far. I suggest you to wait and watch what will happen in a few days. Also, love your feedback.
Sai_Kumar
@gurinder7505, I'm not against your view on price movement. It may go up, it may go down. I don't know.
My comment is only on the drawing.

If it's going well for you, great.
I hope it stays this way and you keep making profits. all the best.
gurinder7505
@Sai_Kumar, I got you brother. Thanks for pointing that out as I go too casual sometimes.
However, I take trend, moving averages, RSI, and Fibonacci in account before placing a position as all these help me take high quality trade. Also, I saw your analysis and honestly they all were great, it kinda feels like I am going on the right path. :)
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