Intraday ICICI Bank july 14



Missed the first trade at 346 (day low,opening range).(please refer previous posts)

Then  caught the pullback,
reason for trade.
1 downtrend in stock,index- NIFTY.
2 Good volume &inverse hammer (pullback)
3 Rejection by moving average and below VWAP.

Entry 348
Stop 350
Target 342
Exit 341.8
Risk reward 1:3. 

Note- this is only meant for educational purpose.

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