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Simple Trade Setup | ICICIBANK | 24-08-2021

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ICICIBANK


Observations:
1) On daily time frame, it is testing highs of Feb-2021. And it is taking support from 674 level range since last 2 days.

2) It is trading below 21DMA [Blue line] but above 50DMA [ Red line].

Please refer Chart below: daily time frame.

syot kilat

3) On 15min Time frame it is trading in the descending channel pattern.

Please refer chart below: 15min time frame.
syot kilat

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Trade Setup for Date 24-08-2021:


1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart below. I hope it is easy to understand.

syot kilat

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Dagangan aktif
syot kilat

Target 700

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.