ICICIBANK SHORTI hope you can now see how ICICIBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Icici
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.
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.






















