Simple Trade Setup | ICICIBANK | 24-08-2021

23 авг. 2021 г.

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.



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

Please refer chart below: 15min time frame.


-------------------------------------

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.



Hope I made it easy to understand it.

Do comment your doubt or suggestion.

26 авг. 2021 г.

Сделка активна

Target 700