ICICI BANK - Bearish Rectangle Breakout on 17 Aug 2020If it breaks the support at 340.45 possibilities are this will further dip down to 315
Icici
Bullish Bat ICICI Bank 2 hrsBullish Bat ICICI Bank 2 hrs chart buy range 350-360 Target mentioned on chart view 7 trading sessions
ICICI BANK - 12TH AUGUST INTRADAY TRADE SETUPLevels given for intraday. Bullish till 375 and if it crosses the price the range of 375-378 then bullish till 390, after that lets see if it crosses resistance line present there.
ICICI BANK Intraday.ICICI Bank is currently trading at an important level.
If tomorrow it opens above 365 then we can go long on this name as 365 will act as strong support for the stock.
However if it opens below 364 and fails to break 365 in first few mins, we can short this as 365 would be strong resistance.
ICICI BANK - Long Position can be taken for the current weekICICI BANK Stock has been moving in a range of 340 & 380. 340 levels have emerged as a strong support and 380/390 as a strong resistance. Within the range the stock is trading with a positive bias. Fresh Long positions can be initiated with small SL at 348 for target of 370 and 380.
WHY THE 2ND MOST TRACKED STOCK?After a steep fall due to covid-19, ICICI bank is 2nd most tracked stock in the world right now. Of course the fundamentals ae great, so why ICICI is not able to break its 1/3rd retracement level. ICICI is given buy rating by most of the broker, why? The stock is stuck in an accumulation rectangle pattern, which is a bullish pattern after the decline. If it completes H and S pattern, this can be considered as an continual H and S because the overall sentiment is bullish. If it trades at more the 385 level then the stock is very bullish and the stock is bearish lower 333 level
WILL THE H AND S PATTERN COMPLETE IN ICICI BANKDoji in daily chart says reversal from a small downtrend, it looks like it could complete a H and S pattern. Lets see if this H and S is a reversal or a continuation because the overall sentiment is bullish for this stock. The stock is very bullish it it crosses 200 day MA or 390 levels.
ICICIBANK - BREAKOUT ICICIBANK
BUY ABOVE 380 (BREAKOUT EXPECTED)
TARGET: 383,386,389, 391, 393
IF CLOSE AND SUSTAIN ABOVE 394
THEN TARGETS: 398, 404, 410, 414, 418
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22ND JULY ICICI BANK TRADE SETUPPlace your targets and stop loss near support and resistance lines drawn.
ICICI PRUDENTIAL Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
ICICIBANK BUY ABOVE 348ICICIBANK:
BUY ABOVE 348.0
TARGET: 350, 352, 354, 358
Need to sustain above 348 to achieve targets
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SHORT IF BREAK SUPPOERT THE STOCK is forming two pattern ( DOUBLE BOTTEM& TRINGLE)
The strong Support at 340
DOUBL BOTTEM IS NOT LOOKING BULLISH coz selling pressure is greater then first wave
Entry can be take if break 340 with conviction
Target for 326
stop loss 345
R:R= 2:1
caution:- Do analysis before taking any trade or consult your financial advisor on your own risk I am not responsible for anything its post is just for sharing my idea.
Buy ICICI Above 365Buy not triggered yet. If breached above 365.
Target 1- 405-410
Target 2 - 435-445
17 JULY ICICIBANK TRADE SETUPIt looks like it forms a triple top pattern formation which is a reversal pattern. On 16th july the stock opened gap up higher but then retraced back near to 15th july price. For sure market participants are indecisive in this stock. Trade cautiously near support and resistance levels drawn and place your targets and stop loss accordingly. The stock looks week but can retrace back higher to 1/3rd retracement value where it is finding very hard resistance. There is a chance it could take support from 1/4th retracement value and then go higher.
ICICI wedge breakdown ... If downside momentum persists, ICICIBANK is going down to 315. A retest of the TL cannot be ruled out.
ICICI Bank | Bearish Scenerio- This looks really ugly over ICICI Bank.
- Forming a bear flag on higher timeframe.
- This can range bound here and form a bear flag.
- Breakdown from this Flag will push down the price towards 100-150 Range.
INTRADAY IN ICICI BANKINTRADAY IN ICICI BANK
BUY@303.5
STOP@300
TARGET-1@306.5
TARGET-2@308
QTY=2000(CASH)
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
