B-Power

(Intraday) Swing Day on ICICI Bank

NSE:ICICIBANK   ICICI BANK


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

Comments

Will it 're test 52 weeks low? Or further to be expected. Plea reply. I planning for short and long.
+1 Reply
B-Power lokeshduraiswami
@lokeshduraiswami, Right now, I don't except it will check 52 week low at 268. But It may go down till 280- 285. Best time to invest in this long.
Reply
@B-Power, Thanks
+1 Reply
Manaparum finance I am holding 5000 shares what to do
Reply
B-Power tushar1972
@tushar1972, YOU CAN GO LONG, AFTER THE CONFIRMATION.

Reply
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