ICICI BANKSUPPORT 850
RESISTANCE =trendline
MARKET SENTIMENT =40000 below banknifty open volatility keep eye icicbank the key of (banknifty sentiment) bearish or long
Icici
ICICI Bank: Go for ShortICICI CMP: 902
ICICI Bank Ltd is India`s second-largest bank.The service offered by the company includes Deposits,Loans ,Cards,Investments & Insurance & Demat. In the NRI segment services offered include Money Transfer,Bank Accounts,Investment,Home Loans,Insurance,Loans against FD,etc.
Short Below 900
Target : 893-890
SL: 905
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IciciBank ShortIcicibank created a rsi divergence on weekly
It can be a good short candidate , As we all know banknifty is trying its best to move up
so it will a risky trade pls trade with a SL
Its already down around 40 points from top so a bit risky for sure
but if ur risk:reward allows you it can be considered
Imp area to look for is 890
CMP - 910-12
target is marked as soon as ur trade starts moving in ur favour pls start trailing ur sl
ICICI Bank: Chart set up and trading strategyICICI Bank
We are looking at daily candlestick chart pattern
Observations
- ICICI Bank chart reflects it made a gravestone doji on September 15, 2022 (indicates previous buyers were happy to sell at 936 odd levels)
- subsequently we saw profit booking in the stock
- now the stock is back at 920-940 odd levels
- we see ICICI Bank still not making a decisive move above the September 15 high
View going forward
- so far as ICICI Bank is below 945 odd levels we might see ICICI Bank rangebound
- support at 868 / 844
Given the set up one may consider a Bear Call Spread strategy in ICICI Bank
Sell 960 Call option currently around 12
Buy 1000 Call option currently around 4
Net receivables 8 points
Lot size 1375
Net profit potential Rs 11000 per strategy lot
Margin requirement - approximately 93500
Yield Potential - 11.75% approximately
Review point for me: If ICICI Bank closing is above 943.
It gives ample scope to adjust / exit in case stock moves otherwise. Pls follow your Risk management measures.
Take care & safe trading...!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Can this go for a HnS ??Possibly going for a HnS
Entry is possible after breakdown and successful retest
Target of 100 points after retest
Keep this in radar and trade with proper hedging
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
ICICI Lombard- GO long- Tacking support at 50% Feb RetReason for Entry
+ Positive Q2 result
+ Taking support at channel
+ Multiple support at 50% Fib Ret
+ Respect pattern history
+ Average volume
ICICI Bank (Bullish Structure)NSE:ICICIBANK
Hi Everyone
This is an chart of ICICI Bank same as the structure of Bank Nifty where we are in a bullish trend which has been extended.
Currently we are in L series in which we have completed 5 wave structure in M series, but rally has been extended and we are again in M series.
Completed wave M1 and we are in correction of wave M 2. We likely to go up as long as we are above invalidation Level.
Note- We soon be providing trading view live links for update of trail sl and further neowave counts.
Coming soon features.
1) An Neowave Library
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Thank You.
If you are an our new subscribers, you wondering what is L and M. Kindly see the below chart for our coding style and click on it to view it in details.
ICICI BANK CONTRA Icici bank looking weak on daily chart by breaking a curved support trendline and giving a bearish divergence on RSI indicator it is so early to say by only one candle for a breakdown in it but both things are indicating coming bearishness in this stock by the chance Indian indices also looking supported for contra trades in coming sessions.
ICICI BANK BREAKOUTICICI bank giving breakout on downtrend line resistance and giving positive divergences on macd indicator although traders be careful as tomorrow it will announced its quarterly results
Cause of Long
1- Downtrend line resistance breakout and closed above
2- Macd giving positive signals for coming momentums too
ICICI BANK CAN CONTINUE THE MOVE AND ACHIEVE FEW NEW TARGET…..¿I had bought this stock at the price of 780. As per my pri-research for this stock price was 777 but i wait for confirmation and I bought 1000 qty lets see what happen.
ICICI PRUDENTIAL Cup and Handle Pattern BreakoutICICI PRUDENTIAL Cup and Handle Pattern Breakout, on days candle close above 570 will be bullish momentum.
ENTRY ABOVE >> 570
TARGET 1 >> 649
TARGET 2 >> 693
STOP LOSS >> 483
ICICI ANALYSIS | ICICI OUTLOOK | ICICI VIEW1 hr time frame
Double Top
Triple Bottom
M pattern
Price taking hault @ neckline
No Trading zone
744 - 740
Conditions applied:
If 740 taken out then we can sort till 722 achieved.
If price reverse then wait until previous candle high was not taken out.
Note: Trailing SL / Volume & OI to be watched closely before taking any positions.
ICICI in good position to take multiple trades .ICICI is at a position where we can take multiple trades . Not in sequence depends on how the stock moves .
1)1st trade would be taking a long after touch on the trend line . Risk only 2% of capital .
2) Short at 691 . Risk 1% cap.
3) If trend line has already been hit , can take chance with 3rd trend line bounce after it hits 691 . Risk only .5% or even less .
All things said , keep a close eye on how the Sensex plays out for the day.
ICICIBANKICICIBANK has broken above the swing high today and it is on the verge of closing above RK's short stop loss line, this can possibly lead to the next step of up move.
Also macd and other indicators are also suggesting same scenarios, As per wave counts, minor degree wave iii can possibly unfold at 777 and more, On the way down 694.50 level would be support to watch out for forthcoming trading sessions.
rk buy signal in daily and also close above rk SL line
macd in weekly converging
macd in daily positive
rsi in daily uptick along with double breakout
dmi adx converging towards positive
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
ICICI Bank Look for 825 to 847 Keep a SL of 795 on closing basis
Target can get achieved by expiry
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ICICI Bank (Bearish View) Currently the stock is trading at 18% discount from all time high levels.
ICICI Bank (TF=W):
1. Double Top pattern is being formed on Weekly time frame. Stock has given closing below "M" pattern (Double Top) neckline.
2. Also, the stock has given closing below 50 Week Exponential Moving Average.
3. Selling Volumes are continuously increasing.
ICICI Bank (TF=D)
1. "M" Pattern breakdown.
2. Trading below 200 Days Exponential Moving Average
View Point:
1. Stock seems to be bearish seeing global cues and formation of Double Top pattern
2. Can be accumulated at lower levels for Long Term Investment
Addl Points:
1. FII/FPI have decreased holdings from 47.29% to 45.28% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 27.21% to 28.20% in Dec 2021 qtr.
Note:
1. The above analysis is for educational purpose.
ICICI Bank Long Opportunity for short term Swing tradeICICI Bank has taken support strongly at the weekly support.. Very good time to buy on dip and accumulate for mid-term.. Target about 10%. SL below trendline.. Follow risk management..
ICICI SECURITIES1)Trading in a triangle pattern
2)Can expect a breakout on either sides
3)Go long only after the resistance breakout
4)Levels are mentioned in the chart
5)Trial your profits as per the risk:reward ratio (generally I use 1:3)
ICICI Bank Chart Analysis !! #ICICIBankICICI Bank is at top end of the channel and made a nice red candle, hence might be short term top if does-not break today high.
Hence good shorting candidate with minimal stoploss.
ICICI Bank READY FOR UPMOVEAfter a long parallel channel support with retracement at .5, one can long ICICI Bank with small SL
Inverse Head & Shoulder PatternThere is a possibility of ICICIPRULI gapping up and falling on results. Positionally it is creating an Inverse Head & Shoulder Pattern on the daily chart, expect a break out around the budget.
Could create candles like 19-20 Oct in short term .
See other studies done in the past, this could be 4/4. Leave a like if you find it interesting.
