Witnessed lower top and lower bottom in ICICI Bank during 2015-2016,in many places. And there is indication of good volume, So safe to assume a bearish trend. So trade plan would be to take short position: with interval of 20:25, where 20 representing price difference betwen entry point and stop loss, and 25 represnting price difference between entry point and target. So ENTRY POINT=297.75, TARGET=272.25, STOP LOSS=317.35. Finally the profit margin is 5 rs. And the target has been achieved at may 2015.
ICICI-DOW’S-BEARISH TREND.
