AniketKabir

Icici Bank- A Study, A Journey

AniketKabir Updated   
NSE:ICICIBANK   ICICI BANK
This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly as market progresses, only for educational purposes for me and others who want to benifit from my experince. I will be taking trades both ways, as and when market gives opportunity, hence keeping the investment strategy as Neutral.

DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.

This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Comment:
Energy Coil ...prices seems to go upside.

Comment:
CAN WE FIND TRADE OPPORTUNITY IN THIS SETUP?
Trade active:
Initiated long at 365 with stop loss below 354

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what is this urgency?
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can look for short
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short for lower rectangle as triangle, this trade has been suggested because previous low is near lower rectangle. stop loss level is above rectanvle upper side.
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please read triangle as target
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I must look for short opportunity once prices reach upper triangle, come what ever may. Till prices touch upper rectangle prices must respect measuring implicaiton of median line set
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Will short Idea fail ? Observe the energy point.
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Measuring implications respected. Prices forming energy coil; time for expension.
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Expension happened. now price must retest the red median line.
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Retest, Zoom pass the median line and back side test in one single day. Hail Volatility.
Comment:
TWO TYPE OF TRADING OPPORTUNITIES: WHICH ONE TO CHOOSE?
1. PUST TRADE
2 EXPENSION AND CONTINUATION OF TREND.

Comment:
A perfect fit with great upper separation:
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Swings double this way
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Last update.

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