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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.