bullish on icicistock touched its R2 resistance today and then reversed... if someone woulld have traded the 15 min heiken Ashi candle for consecutive bar strategy, he woukd have made good profits.
none the less...this counter is still a long candidate watch out for a stoploss of 379 and trade...
my suggestion ---
1. no FnO trade
2. buy 50 percent quantity at this rate , and 50 percent nest 380 levels... stopless 375/378 based on your selection
3. i expect a flag pattern formatiion at this level to eat premium
ICICIBANK trade ideas
Icici - breaking outICICI bank.
Broke out of box.
Buy above high on Monday.
Possible 10% to 455 -460 levels.
If able to hold that level and then a close open above 460 will take it to 500 levels.
RSI and Stochastic are as per rules.
ATR is also low.
340 was help couple of times.
Yester broke out with good volume
Short Icici BankLook at the chart. icici bank has clear move and going to start h&s pattern.
Sell price- 360
SL- 375
Tg- 340/330/320
Abdc pattern also found in the chart which gives us double conformation.
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ICICI BANK 15MNBEARISH Deep Crab Strong zone For SCALPING ..Whenever price entered zone Strong move to Down
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.
SET UP BECOMES VALID ONLY when RSI s below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL