ICICIBANK
ICICI Bank Trade Plan for 29th OctoberOn 28th October, ICICI bank opened near 410 level which is a key resistance level. It never tried to break that and went down to close at 396. Here are the trade plans for ICICI bank on 29th October.
1. Open below 393.5 is a good shorting opportunity with SL of 395.5 for a target of 389.6
2. Sustaining below 389 is positional bearish move for ICICI bank. Trade with SL of 391 for target of 381 .
3. Longs can only be initiated only above 411 with SL of 409 for 415 target.
Tomorrow is Monthly expiry and market is highly volatile. Trade according to your plan.
ICICIBANK SHORTI hope you can now see how ICICIBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.