ICICIBANK - Bull Flag formation- Intraday/Short Term TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade logic with SL and Target is explained in image itself.
Don't chase the price.
Always plan your trade & trade your plan
Check the idea of ICICIBANK Bull Flag Pattern Breakout on Daily TF linked below.
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
IBN trade ideas
HEAD & SHOULDERS + ELLIOT CORRECTION WAVE IN ICICI BANK POSSIBLE SHORTING OPPORTUNITY IN ICICI BANK WITH THE ABOVE STATED PATTERNS.
NOTE : POSSIBLE NOT GUARANTEED*
ALTHOUGH I AM ALREADY LONG IN ICICI BANK, IN CASE THE BULLS LOSSES THE BATTLE, I KNOW BY HOW MUCH IT GONNA MAKE A POSSIBILE DIP SO I AM CALM AT THE MOMENT :D
ICICI Bank - BearishICICI Bank CMP - 476.70
Looking bearish in higher time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Sell at or Below ONLY 471 / Stop Loss 479
Target 1 - 468
Target 2 - 465
Target 3 – 462 / 460
Disclaimer: This is my view and for educational purpose only.