ICICI 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.
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...
Doji 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 BUY ABOVE 380 (BREAKOUT EXPECTED) TARGET: 383,386,389, 391, 393 IF CLOSE AND SUSTAIN ABOVE 394 THEN TARGETS: 398, 404, 410, 414, 418 Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to benefit more peoples
Place your targets and stop loss near support and resistance lines drawn.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
ICICIBANK: BUY ABOVE 348.0 TARGET: 350, 352, 354, 358 Need to sustain above 348 to achieve targets Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
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...
Buy not triggered yet. If breached above 365. Target 1- 405-410 Target 2 - 435-445
It 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...
ICICI BANK is trading sideways in higher time frame
If downside momentum persists, ICICIBANK is going down to 315. A retest of the TL cannot be ruled out.
Support and resistance lines are drawn.
- 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 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!!