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| ICICI BANK STOCK NSE - 04/10/23 |
This is the chart of ICICI BANK Stock Today - 04/10/23.
Today, Whole stock market is bearish and similar ICICI BANK shows bearishness. Open Gap down about 0.04% with -ve sentiment as you can see in the above ICICI BANK STOCK chart with long RED candle and later the stock cool down and trade in a range as you can see in the above chart.
So, now what is my observation and when am I going to trade ?
1. There is a level/support below it @ 924.45.
2. Market moving slow as compare to other Stocks such as AXIS BANK STOCK.
As, I observe this then I take it into my radar to trade today. I draw level above from where it was facing resistance. As soon as the stock breakout the level after proper consolidation below the level then I create an entry @929.25 at 5min. TF. Later, it face some rejection from above but bears fail to drop down and it break the very high and it hit the target @931.50 i,e. 1:2+ very easily, according to R:R.
Risk = 1.10
Reward = 2.25++
That is sufficient to the beginner TRADERS.
My MISTAKES:--
1. I fail to book because of GREED. otherwise trade is Ok. And I exit cost-cost..
Always remember Stock Market isn't one Day Game. It takes Time to Reward you so be calm.
ICICI BANK closed @ 930.05
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by FINTRADE
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