ICICI bank

Güncellendi
Trade Setup:

Daily: Gap filled. Bullish engulfing candle seen with good volumes. 50EMA and support line (at 735 INR) should be a good base.
4 Hour chart: took support at 50EMA.
In general, on Bank Nifty index chart - a doji seen at bottom levels, indicating a potential for turn around. 38350 - 38390 levels should act as a strong support levels. Technically, that's a double bottom pattern.

Entry = around 772 INR
Sl = below support ie, approx. 730 INR
Target = 860 INR
RR = 2.08
İşlem kapandı: durdurma seviyesi
SL hit. Trade closed
Moving AveragesMultiple Time Frame AnalysisSupport and Resistance

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