"ICICI BANK - POSITIONAL BUY - TARGET 800"NSE:ICICIBANK
ENTRY 1 - 640
ENTRY 2 - 668
Place Initial Stoploss for Entry - 1 (Below Rounded Cup) - STOPLOSS - BELOW 530
After Entry - 2 is Triggered move both Stoploss below handle swing low - STOPLOSS BELOW - 620
TARGET 1 - 698
TARGET 2 - 762
TARGET 3 - 805
ICICI Bank Limited ADR
No trades
Trade ideas
ICICI BANK MAY HAVE A CORRECTION. RISING WEDGE PATTERNICICI bank's price has been forming a rising wedge pattern which has got broken today.
According to the height of the pole and XABCD bullish shark pattern, the target is set at 647.
The trade setup is to buy ICICI when it reaches 647 or short if there's a pullback to confirm the fall.
The stoploss here is to place at C according to both the patterns, which is not a good risk-reward ratio. So, try to buy when the price falls to 647.
Happy trading :)
This is just for educational purposes.















