Intraday trade ICICI bank

Reasons for shorting .

1 NIFTY showing weakness.
2 below flag
3 below Moving average and vwap.
4 overbought and correction possible once closed below flag with good volume.
5 inside bar breakout.
6 rejection by Vwap and MA.
Entry 343.5
Stop loss 345
Target 338
Exit 338.75
Risk Reward =1.5:4.75
Approx=1:3


Note-only for educational purpose.

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