ICICI Bank has formed double top in weekly time frameThis chart explains that ICICI Bank has broken the mid-point (support) and formed a double top pattern and got activated by breaking the support line in Weekly Time Frame
However nothing to panic as the next level of support is very near by and it is a short pattern. Unless it reverses and closes back above 950 this pattern will be valid.
If the pattern continues then the target range will be 922 - 915
Icici
QUICK ANALYSIS ON ICICIBANKDear Indian Traders and Investors, I made a quick analysis for you on ICICIBANK to let you know that you still can buy it since the market is following the strong support level that it couldn't break for the past 3 years, and the price will go for longer.
The comment secion is all yours for further questions!
KotakBank BO of 18 month consolidationHi guys, A bullish breakout of more than 18 month long consolidation has been oberved in NSE:KOTAKBANK . If it managed to close above the trendline today then we can create a fresh position in the scrip at todays closing. sl and targets will be shared later.
Exit the position if the stop loss is triggered on WCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
All eyes on ICICI Bank at 960 - Sell or Buy more?Having a plan of action before a stock you hold comes to a crucial point is essential. You have 3 decisions to make in ICICI Bank as it comes to LTH. All eyes will be on 960. I hope these rules help
There are sellers at 960 - if the stock moves there slowly it will get hit back - possibly all the way back to 940
Just like happened in ITC - we need to clear the Life time high with force - maybe on an EOD basis on high volumes. At that point sellers could turn into buyers , clearing the way to 1000
Also highlights the importance of doing the fundamental work before hand - the results gave enough time to buyers to get in
Setting alerts on TV is essential to avoid "reaction based trading" - set alerts and only take actions once they are triggered.
Hope this helps - all comments and criticisms are welcome
ICICI BankICICI Bank has declared a solid set of numbers. ICICI Bank remains one of the strongest banks in the country. Technically also I believe that this is one of the strongest stock in the stock market. In my opinion, one can go long in this share above 940. Hold for long term if 940 is taken out.
ICICI TO HIT 900 ZONENSE:ICICIBANK icicibank iscurrently is showing bullish trend in on major time frames and is very likely to hit 907/915 zone if it breaks and sustains above 882 on 15/30 min time frame with candle close and opening above 882,
if we get a new candle open and close above 882 and current resistance of 884/890 is broken in 1 swif move with bullish candle on 15/30 mons, then the resistance will start acting as support and push icicibank above to the 900 zone .
current support for icicibank is till 865 and if thats breached then next support will be 850/840 range zone.
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 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.
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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






















