Icici
ICICI PRULI 👓👓 lets rakita rakitaLooks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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ICICIBANK Possible Reversal.The resistance zone has been quite strong for icici bank, can possibly act as support now after breaking out.
If the formation of double bottom is completed and it breaks the trendline, high probability of reversal.
The levels of 630-635 are being defended by the buyers.
It is a confluence of multiple supports coming in.
The breakout if happens should nullify the formation of lower highs and lower lows.
Keep a close watch.
NSE:ICICIBANK
ICICI Bank (Make or Break Zone)ICICI Bank is trading at important support zone of 640.
Good opportunity to trade:
Buy if fails to break 638 with 635 Stoploss.
Sell Below 638 with Stoploss at 645.
Swing Trade in Futures with Hedge.
(Levels as per Spot and trade in FnO)
Apart from Support zone there is clear rising wedge pattern visible on the charts so max chances we will get Short side trade on Monday.
I am sharing probability of best trade to get on Monday. Please do analysis for better risk management.
Like if you Like.
ICICI BANK Slightly BullishICICI BANK has formed a higher high but the RSI was same as the previous High.
According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears.
I am not 100% sure about it but let me know what you think about it.
ICICI PRUGreat run up since the IPO in September 2016. However since then its trading in a band of 300 - 550.
The Chart indicators are weak. There's twizzer top pattern at the current levels. RSI is near the oversold region, so might stablise before crashing.
The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is Rs 66,000 crore. Should one give 55 x PER for a good stable business but in a fiercely competitive landscape?
I would only buy it at 30-35 PER ...i.e., Price of Rs 300 !!
ICICIBANK DOWNWARD TREND BROKEN ICICIBANK saw selling pressure after reaching 679, falling to 606. now it seems to have broken its downward trend and might consolidate before beginning its upwards trend.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views and suggestions, I am still learning.






















