ICBA trade ideas
ICICI Bank - Ascending Triangle PatternAn Ascending Triangle formation can be seen in ICICI Bank and breakout above the resistance can give us very nice targets.
The key to confirm this trade would be if any 15m candle gives closing above 723. I have mentioned the Targets or you can always go with Pivots.
Thanks & Regards
H ritik Kaush ik
09-09-2021 trade icicifor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulishfor education level buy only market bulish
ICICI BANK LONG SWING TRADEICICI BANK broke its all time high and tested it successfully. also after a long time bank nifty is also out of consolidation so the banking sector can see the rise again and ICICI bank is an important part of bank nifty which will help it to go up. as it is trading in an ascending channel and we are buying at the bottom so we have a great risk to reward ratio. also if it manages to sustain above 635 then we can see more up as sky is the limit for it since it will be trading as all time high.
[ INTRADAY ] ICICIBANK LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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