AbhishekHSinghCMT

ICICI Bank - Moving in the B-Wave Still- looking for upside push

Long
NSE:ICICIBANK   ICICI BANK
390 views
13
It is still moving in a choppy manner, but taking risk of 235 -trader could have taken long positions -when it hit recent low@246 against losing 10 points -trader could have gained 50 points -where it travelled to recent high@292. You will always have to take risk to gain but in a smart manner.

Trading Strategy

Scenario-1 Risky Scenario
If the gap is sustained or taking stops below 270 -one can look for an upside push in the zone 295-300 zone.

Scenario-2 Let the bank move above 287 & sustain above 285 then trade for 295-300 zone as target zone.

Scenario-3 Moving below 235 -long time support can open more on downside taking into 150-160 target zone.

Previous Update
Looking for C-wave below 235
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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