ICICIBANK
ICICI bank, pull back expectedCurrently, ICICI is taking support of it's major trendline and also trading in a support zone. On the other hand, it has already given breakout of upper trendline and in a retesting phase. A pullback is expected from this level to complete a channel pattern shown in the analysis.
Lets see if it performs the way we think.
ICIC Bank 04-03-2021 Trendline BreakoutIm Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
ICICI Bank For 03-03-2021Im Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
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50% Fibonacci retracement is a must!
Below the levels of 11800 is the bulls zone.
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Good shorting opportunity in ICICI bankICICI bank looks good for shorting if it moves below 590 with good price action. RR is attractive and Target can be extended if it shows a good fall, safe players exit before 550 and trail your SL. Agian it's just a personal view. Trade according to your risk appetite. Good luck!