Long

ICICIBANK DAILY (classic textbook triangle pattern) BREAKOUT

Updated

ICICIBANK DAILY (classic textbook triangle pattern) BREAKOUT

ICICIBANK DAILY CANDLE CHART READING AS TRIANGEL PATTERN BREAKOUT

its a clear classic text book triangle pattern breakout

AS we can price trading in a triangle for around 3 months

and now its breakout of trangle @ 868

after breakout of triangle it come back and retest the breakout level

and holding safe the low of breakout candle

so its a pure buying idea for me

with the stop loss of 840 on closing basis

and the target for 980

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if you found any question allow me to answer

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redline at 886 is a breakout double confirmation line

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hourly setup as reline 886 is a short term support for now

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almost closed near the day low

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look at the huge 2.2% gap up and all bears are going trap in this Wwohhhh

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icici bank is leader in todays session

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915 now

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at the end of todays session very positive closing happen

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today again closing at very healthy position

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on 2 hours price maintaining a channel

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2 hours golden cross also in a very healthy and rising position so absolutely not to worry and any dips is also a fresh buying situation on 2 hours

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maintain to close at high point

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at near life high around 5.5% profit ruuning for now

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holding near 6% profit

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price holding life high

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new life high today

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13 % up profit running for now

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again ready to fly

sk_4587

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