ICICI Lombard - Swing Long Setup with Key Levels
Updated
This chart shows a potential long trade setup on ICICI Lombard, highlighting a possible rebound from recent lows. Here's my trade plan:
Entry Zone: Waiting for a 15-minute candle to break above 2096.50. The high of that 15-minute candle will be my entry point.
Stop Loss: If any 1day candle closes below 2050.50, I'll exit the trade.
Target: 2188.50
This setup offers a good risk-reward ratio. If we see a strong breakout above the entry zone with decent volume, the price could move towards the target of 2188.50. However, if the stop loss level is breached on a 1day close, I’ll exit the position to protect capital.
Note: This is not any financial advice and for education purpose only.
Entry Zone: Waiting for a 15-minute candle to break above 2096.50. The high of that 15-minute candle will be my entry point.
Stop Loss: If any 1day candle closes below 2050.50, I'll exit the trade.
Target: 2188.50
This setup offers a good risk-reward ratio. If we see a strong breakout above the entry zone with decent volume, the price could move towards the target of 2188.50. However, if the stop loss level is breached on a 1day close, I’ll exit the position to protect capital.
Note: This is not any financial advice and for education purpose only.
Trade active
Entry Order Filled at 2121.35Trade closed: stop reached
1day candle closed below 2050.50
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