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Triangle pattern formed for 42 days with avg volume and breakout with good volume
Trade plan
Symbol: ICICIBANK
Direction: Short
Entry Level: 300
Stop Loss: 321
Target: 279
Dear Sir,
I have studied your analysis on ICICI bank. From my perspective, the pattern in the chart is not a triangle pattern, because the duration for formation of 5 wave corrective pattern is less than 30 days. Kindly request you to check with Murugan sir and correct me if I am wrong.
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