Icici bank is approaching near weekly support.
It has retraced 0.618 of previous up swing at around 269.
It has not made a new weekly low after that , however it has not crossed previous week's high.
One can create a positional trade entry with the stop loss of 265 where channel support is placed.
Safe traders can enter once it crosses above 282.
It has retraced 0.618 of previous up swing at around 269.
It has not made a new weekly low after that , however it has not crossed previous week's high.
One can create a positional trade entry with the stop loss of 265 where channel support is placed.
Safe traders can enter once it crosses above 282.