AbhishekHSinghCMT

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

Long
NSE:ICICIBANK   ICICI BANK
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

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.