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...
ICICI 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..
1)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 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.
There 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.
Hi
This is our weekly forecast, in this we are updating our weekly neowave view for bank nifty and 8 stocks. If anything changes in the count we will update you next week
if you have any query, than write in comment box.
Thank you.
Looks good above 621 for targets of 677 and 725 !
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company recently posted the best QOQ & YOY result and will very likely post a similarly strong result in Q3 too.
.
The stock had given a multi-year breakout in May last year after that from September it was in a retracement phase. With the recent breakout of the last Lower High in the daily timeframe, we can...
#ICICIBank Unable to sustain above 800, closed Doji.
Long If Close above 802 with tight stop loss for target 850/900/900.
The total structure is very Bad for the Bulls.
Does no one know that Where will it take major support?
NSE:ICICIBANK
Most of all the levels and trade setup remains same as per previous.
Trade Setup for Date: 22-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support,...
NSE:ICICIBANK
Observations:
1) On 1day time frame, it is trading above 200DMA.
200DMA is placed at 673.87 level.
Also it has immediate support at 700 level.
On Daily time frame , it has also made rounding top pattern. Neckline is at 709.
Better to avoid trade between 700-709 level range. If it trades above 709/710 level then we can see failure of...
![ICICIBANK: Simple Trade Setup | ICICIBANK | 22-12-2021 [INTRADAY]](https://s3.tradingview.com/1/1p2e8vD5_mid.png "Simple Trade Setup | ICICIBANK | 22-12-2021 [INTRADAY]")
![ICICIBANK: Simple Trade Setup | ICICIBANK| 21-12-2021 [INTRADAY]](https://s3.tradingview.com/m/mBJkiroN_mid.png "Simple Trade Setup | ICICIBANK| 21-12-2021 [INTRADAY]")
