ICICI bank - Triangle breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Icicibanktop
ICICBANK: The top is InToday is Saturday, 16th November 2019
I think ICICI bank has topped in a medium term. There are many things aligning up and all say that ICICIBANK's top is in.
The RSI has resistance, There is a long term trendline acting as a resistance. Also in the shorter term there is resistance as well.
The chart is very clear and speaks for itself.
CMP: 499.85
Stop loss: 528
Your trades are your own sound decision. I'm not responsible for them.