It looks like a distribution phase is nearbyWhen the stock behaves in a peculiar manner inconsistent with the trend and volatile range, it is thought be cooking something inside of it. And i see a very good entry point of shorting ICICI bank when the price reaches red line and rides all the way to the down with keeping
ICBA 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.