TradingView
Trading_hawk
Sep 19, 2021 6:09 PM

Simple Trade Setup | ICICIGI | 20-09-2021 

ICICI LOMBARD GENNSE

Description

NSE:ICICIGI

Observations:


1) On 1hr time frame it looks like a bullish pennant pattern.

Please refer below chart : 1hr time frame.


-------------------------------------

Trade Setup for Date 20-09-2021:

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. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.

Trade active

Comments
Trading_hawk
If you are on short trade then better to book full/ partial profit at CMP.

Trail your SL.
Trading_hawk
short trade activated on breakdown from pattern.

Trading_hawk
Still in the triangle.

MrReddy24
bro need ur opinion on DBCORP and M&MFIN.
Trading_hawk
@MrReddy24,

For DB Corp, 100 and 104 critical resistance.
MrReddy24
@Trading_hawk Thanks bro
More