1. Descending Triangle Pattern Formation On ICICI Bank Chart.
2. Fibonacci Retracement drawn from last high and low on Hour chart. The closing price is above 23.6%. So, It will at least retrace to 38%.
3. The maximum it may go up to 50% Retracement. There price may get the rejection from the day trend line.
4. Buy above 293, Target: 295, 297 Stop Loss: 290
5. MY OPINION DON'T TRADE UNTIL CLEAR SIGNAL COMES OUT. TARGETS ARE TOO LOW.
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Trade closed: target reached:
All target achieved