IBNC trade ideas
ICICI Bank Wedge BreakdownOn 2 hourly chart a Wedge Pattern has been formed
On the breakdown candle there is high volume
After the breakout ATR is rising
There was restest of the wedge resistance
Target and SL for a short term trade are marked on the chart
The targets can be further increased
Support and Resistance are marked on chart (white horizontal lines)
ICICI Bank Major Support at 905 to 894 levelICICI Bank Major Support at 905 to 894 level. Can take Positional long trade from this levels for up move.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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