ICICIBANK trade ideas
ICICI Bank - Intraday Trade SetupICICI Bank CMP - 609.45
Looking bullish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
*Buy* Range 608 - 612 ONLY / Stop Loss 601
Target 1 - 615
Target 2 - 618
Target 3 - 621
Disclaimer: This is my view and for educational purpose only.
Long MACD and trend line breakouttrend line breakout, target 690 stop loss 596 It's for learning purpose (don't follow me, I am noob)
Short ICICI. Target 560.ICICI will show weakness after breaking the trend downward. RSI is below 60. The stock might hit 560 which will act as a support and buy zone.
ICICIBank - Elliott wave analysis - corrective down It is in ABC zigzag correction down after completing ABC zigzag up sequence. C wave may be going to extend as further impulse. So corrective bounce of 2nd of C wave will be short sell set up.
Plz give a like if you agree with EW count.
ICICI BANK WEEKLY BEARISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
