ICICIBANKObservations:
1) On daily time frame, it is testing highs of Feb-2021. And it is taking support from 674 level range since last 2 days.
2) It is trading below 21DMA [Blue line] but above 50DMA [ Red line].
Please refer Chart below: daily time frame.
3) On 15min Time frame it is trading in the descending channel pattern.
Please refer chart below: 15min time frame.
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Trade Setup for Date 24-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart below. I hope it is easy to understand.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Trade active
Target 700
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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.
Related publications
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.