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BharatAsani
Jan 5, 2023 9:03 AM

ICICI Bank good shorting opportunity!! Short

ICICI BANKNSE

Description

ICICI bank is a very good shorting opportunity with multiple confluences:
1) 2 consecutive breaks of structure to the downside making a LL & LH pattern twice.
2) Tapped into the volume imbalance
3) Broke trend line

With Bank nifty also at its trend line support with high probability of it breaking as it will be its 4th test(the higher the number of tests the higher probability of it breaking). ICICI bank will be a very good swing trade.

Note : All levels of stop loss & targets have been marked in the chart.

Comment

Giving good returns have moved SL to break even

Trade closed manually

Trailing stop loss hit
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