ICICIBANK Long Opportunity (Inverted HnS formation)
ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence.
Stop Loss: SL for this trade has to be 936
Entery: Entries can be made once the price crosses and closes above 962 at least on a 30 min TF. You can also wait for retest of the resistance for better risk reward.
Target: Targets can be 1000+ & New ATH
Stop Loss: SL for this trade has to be 936
Entery: Entries can be made once the price crosses and closes above 962 at least on a 30 min TF. You can also wait for retest of the resistance for better risk reward.
Target: Targets can be 1000+ & New ATH
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