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chaitanya1692
Feb 26, 2024 3:29 AM

ICICIBANK UP MOVE ?? Long

ICICI BANKNSE

Description

ICICI Bank can give a good up move for positional and swing trades with a small STOPLOSS
ENTRY - 1065
STOPLOSS - 1058
TARGETS - 1080,1100, 1150++

Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back

I'm not sebi registered this is my personal view

Please like or boost my idea if you like it or traded it
Thankyou.

Trade active

Comments
CA_AB_77
Hi, Can you please explain logic behind these levels? including stop loss and entry
chaitanya1692
@CA_AB_77 please look at daily chart u can find double bottom or W pattern. then you can go to lower time frame like 15 mins to 1hr for proper price action which indicates buying and building good support and made a rally on 22nd then on 23rd small gap up and sustained at previous days last swing so one can go with previous days last swing low as stoploss only if you enter when it breaks 1065 which is previous days last swing's high
I will always look at bigger picture in higher time frame like day or week for clear direction and then smaller time frame and the main part is that you will only get a good trade only if it crosses those values
Hope this helps you
Thankyou.
CA_AB_77
@chaitanya1692 nicely explained 👌
chaitanya1692
@CA_AB_77 as almost many won't get to have a higher capital I prefer trades with small STOPLOSS and good targets
chaitanya1692
@CA_AB_77 thankyou
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