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The Tops and Bottoms for ICCI BANK were identified and a sequence of Higher Bottoms and Higher Tops were found with high volume. So the trend is Bullish.
NB: It took more than 3 months( Beyond the period of Dow Theory) to reach the target price. So I am not sure if this trade is a success, even though it didn’t trigger the Stop Loss.
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Before hitting it’s target this stock created a LB and that should have triggered a exit from the trade.
Hi guys, It will not trigger the stop loss is my observation. Because if we observe after the entry point 344 the price would have came to lower bottom 340 but it is way above our stop loss 303.
It is a successful trade is my opinion.
LETS GET CORRECTED IF IT IS WRONG.