ICICI bank has give 5 wave move from the lows of 180 odd to 260 lvls. Now it has entered correction mode..Sell on rise keeping strict stop of 262..
TL RETEST RRL FIB 50% DOUBLE TOP TL BROKEN
--50 EMA Bounce --InsideBar --Bullish Lowtest --Broken CTL
Sustaining at 241 would be a long and otherwise ................................
I'll be short on ICICI bank at 276 - 280 level which will be the completion of the Gartley pattern and completion of AB=CD . With the stops going above X i.e. 295. Target 1 - 239 (Stops comes to break even 275) Target 2 - 216
ICICI bank trading map, use lines as support and resistance. Momentum indicators and candle stick pattern can be used to enter and exit trades.
ICICI trading in a down trend, may give good shorting chance if trades below demand area. levels for trade are marked on chart.