Sunday, 30 October 2016

ICICIBANK Trendline reversal with Evening star

ICICIBANK which was moving inside the channel in Daily chart. Tried for the breakout of the trendline and failed with a Powerful evening star reversal.

Entry 278
SL 292
Target 1 269
Target 2 258
Reward min   9
Reward max 20
risk         14
ROR1 0.6
ROR2        1.4

Though current entry is not rewarding can be shorted on a pullback if your a risk reward lover.

Disclaimer: All the views shared are for educational purpose and my self improvement purpose from other senior traders. if you find any scrip interesting plz do your own analysis or consult SEBI registered financial advisors before taking trading decision. 

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