IBN trade ideas
LONG OPPORTUNITY !!!There is a long positional opportunity in icici bank ...
1) at a 15 min time frame there is a formation of decending triangle,its breakout may signal an upward movement
2) IF 50 EMA closes above the moving average its again signal for buy
3) A BULLISH ENGULFING pattern or bullish candle at the stucture zone is 100% confirmation for long.
NOTE: Trading is all about playing with probabilty along with skills, knowledge,and proper money management. NOONE is 100% sure in trading .
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
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
