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ICICIBANK

Bank Nifty showed Recovery today & closed with gains Bank Nifty showed opposite direction movement as compared to NIfty index today The Index bounced sharply from 48300 level after market opening & remained in positive zone. A Positive candle is formed on daily chart The imp upside hurdle is placed around 49100 level whereas downside support is around 47300/200 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the last phase of elections Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:BANKNIFTY
by Himanu_HATradeTalk1
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA ⏱️ C.M.P 📑- 254 🎯 PE 🏆 - 6.98 📊 Script: FEDERALBNK ⏱️ C.M.P 📑- 159 🎯 PE 🏆 - 9.33 📊 Script: BANDHANBNK ⏱️ C.M.P 📑- 187 🎯 PE 🏆 - 10.12 📊 Script: SBIN ⏱️ C.M.P 📑- 817 🎯 PE 🏆 - 11.43 📊 Script: INDUSINDBK ⏱️ C.M.P 📑- 1410 🎯 PE 🏆 - 12.66 📊 Script: HDFCBANK ⏱️ C.M.P 📑- 1437 🎯 PE 🏆 - 16.07 📊 Script: IDFCFIRSTB ⏱️ C.M.P 📑- 76 🎯 PE 🏆 - 17.13 📊 Script: PNB ⏱️ C.M.P 📑- 123 🎯 PE 🏆 - 17.89 📊 Script: ICICIBANK ⏱️ C.M.P 📑- 1117 🎯 PE 🏆 - 18.44 📊 Script: KOTAKBANK ⏱️ C.M.P 📑- 1627 🎯 PE 🏆 - 18.49 Formula to calculate PE = MVP/EPS MVP - Market Value Per Share (Stock Price) EPS - Earning Per Share Industry(NIFTYBANK) PE - 15.7 Always Compare Stock PE with Industry PE for Better Understanding. LOWER THE PE MORE ATTRACTIVE THE COMPANY. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BANKBARODALong
by radha_23
ICICIBANK | Add To Watchlist📊 DETAILS Sector: Bank - Private Mkt Cap: 761,335 cr ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points. TTM PE : 17.94 (Low PE) Sector PE : 24.22 Beta : 0.92 📚 INSIGHTS Mid-range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 0.49% away from 52 week high Outperformer - ICICI Bank up by 5.92% v/s NIFTY 50 up by 2.4% in last 1 month 📈 FINANCIALS Piotroski Score of 4/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ICICIBANKLong
by Munish_Jain
ICICIBANK - Ichimoku Breakout📈 Stock Name - Icici Bank Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1163. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap
NSE:ICICIBANKLong
by nikunjbhadja
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible. To monitor: The exponential moving averages 50 (in pink) around 991 , and the exponential moving average 200(in white) around 793. A possible Double Top is detected. + there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying! So a bearish return is possible Be safe!
NSE:ICICIBANKShort
by Le-Loup-de-Zurich
ICICIBANK | Swing Trade📊 DETAILS Sector: Bank - Private Mkt Cap: 697,076 cr ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points. TTM PE : 16.97 (Low PE) Sector PE : 25.81 Beta : 1.00 📚 INSIGHTS Mid-range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 4.79% away from 52 week high Underperformer - ICICI Bank down by -1.95% v/s NIFTY 50 up by 4.1% in last 1 month 📈 FINANCIALS Piotroski Score of 4/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ICICIBANKLong
by Munish_Jain
20 Feb ’24 — Stance revised to bullish for BankNifty ⬆️⬆️⬆️BankNifty Analysis - Stance Bullish ⬆️ Yesterday we discussed the possibility of HDFC Bank making a move and quite fortunately that came true today. We rallied an impressive 769pts ~ 1.66% today to take out the first resistance (bearish trendline break). Would you believe the elephant jumped 2.63% today along with AXIS Bank 2.41%, Kotak Bank 1.8%. ICICI Bank & SBI was not that stimulated today, even then we managed to rally hard today. Notice the blue-encircled regions where we spent time today trying to break out. The momentum from 14.03 to close was the main and the only reason we had that break through today, otherwise we would have spent the time following the resistance slope. 4mts chart On the higher timeframe, the break above the bearish channel is loud and clear. But we are below the 47465 resistance line (orange color). Since we have an expiry tomorrow and because BN attained the bullish stance today, we expect those levels to be tested and broken by tomorrow itself. Being in trading, we cannot always remain optimistic and expect things to happen our way - that's why we engineer stop losses and fix reversal levels. In case something like that happens tomorrow, we will see if the bears are keeping BN below the blue channel line - if yes, we will reverse our stance back to neutral and wait for the next trigger. 63mts chart Algo Trading Our algo trades ended today with a gain of Rs6904. We stopped the algo at 14.24 as a breakout was looking imminent. We will have to backtest it tomorrow to see if it was the right decision.
NSE:BANKNIFTYLong
by viswaram
13 Feb ’24 BankNifty is still bearish even after a 927pts rallyBankNifty Analysis - Stance Bearish⬇️ BankNifty had a lot of anomalies today. Firstly, the start was slightly on the higher side and BN did not fall, unlike Nifty. We ended up defending yesterday’s swing low which came as a big surprise. You might remember, we had a bearish call for BN today and the fact that the downside move was not even attempted came as a shocker. 4mts chart Secondly, BN ended up rallying 927pts ~ 2.07% intraday and was still unable to break the 45399 resistance. If you ask us, it did break the resistance on the 4mts & 16mts chart. But on the 63mts chart, it is still unbroken. ICICI Bank & AXIS Bank were in tremendous form today rallying 2.38% and 2.3% respectively. The bulk of the gains today came from these 2 counters. HDFC Bank showed some intent to break through the 1400 level but was cut short. 63mts chart We are drawing a new trend line (purple color) - A bearish line. The difference here is that it is cutting through the candles on many occasions. Since it is not the perfect way to draw the line, we may even take it off shortly. The only reason we drew it was to plot the course BN is currently sailing. Tomorrow being an expiry day, we hope the bearish momentum will pick up the pace and the levels of 44542 and 44068 will get broken. The new purple line will serve as a dynamic resistance tomorrow. Algo Trading Our BankNifty algo trades ended today with a loss of 560 points.
NSE:BANKNIFTYShort
by viswaram
29 Jan ’24 — A flag like formation on 63mts TF - BankNiftyBankNifty Analysis - Stance Neutral ➡️ BankNifty also gets a stance upgrade - from bearish to neutral. The price action was not as beautiful as Nifty50 today. One reason would be the outlier performance by Reliance today +7%, whereas the main weightlifters for BankNifty were HDFCBK 1.38%, Kotak +3.08%, ICICBank 0.64%. 4mts chart The support/resistance of 45399 was in play today and it proved quite sticky. Although BN got to this level by 09.31 - we never had a strong breakout today. On the 4mts TF it appears we broke the resistance between 09.59 to 11.15 - but it was not strong enough as we fell back to it by 11.19. On a close-to-close basis, BankNifty gained an impressive 576pts ~ 1.28% but the charts do not signify a bullishness yet. 63mts chart The pattern formed today more or less looks like a flag formation - so the bullishness could come at any moment. BankNifty has a lot of catching up to do, so the run could get quite wild too. If the FII selling in HDFCBK has ended, it could be a good relief to the Bulls. We have changed the stance from bearish to neutral as BN has defended the 44542 support & is just above the 45399 SR. The moment we break these supports, we will go back to bearish mode. Algo Trading Our BankNifty algo trades ended today with a loss of 608 rupees per lot
NSE:BANKNIFTY
by viswaram
25 Jan ’24 — BankNifty looks, walks & talks like a BEAR, is it?BankNifty Analysis - Stance Bearish ⬇️ The unusualness of the last 30mts was more obvious in the Banks - HDFC, ICICI, AXIS and Kotak. Seems a news/event is brewing and we may get some clarity in the coming days. The good thing is that it broke out pretty late in the day, which meant the expiry was not totally screwed. 4mts chart How many Analysts you know are bearish on the banks, most of them we follow are Permabulls. Seems like the criticism we are getting is obvious in the price action today. Except for the last 30mts - every other minute belonged to the bears today. When news/event breaks out - the best thing a technical analyst could do is close the position and wrap the day. 63mts chart BN got support from our marked SR level of 44542. The next level below is 44068 which is the strongest SR level in the proximity. The history of 44068 levels goes back to Dec 2022 (quite a long way back). Our stance of bearishness continues and hope Monday belongs to the bears.
NSE:BANKNIFTYShort
by viswaram
23 Jan ’24 — Almost 1700pts fall + Support break - Bear Attack?BankNifty Analysis - Stance Bearish ⬇️ Banknifty fell an unbelievable 1696pts ~ 3.64% from the HOD to the LOD. As usual, the gap-up of 472pts would have painted the wrong picture today especially when the Traders came ready to play ICICI on the long side. Never in the day, we got a bullish signal today - it was a one way journey from that gap-up to the low of the day. 4mts chart The candle right at the support level of 45399 was the strongest - 215pts fall. This shows the strength the big-boys exerted today to create momentum. Were FIIs pissed off that we made them work on a Saturday? Both Nifty and BankNifty have the same stance (bearish) similar to the one we had on 17th Jan. When Both the indices are in the same direction, it should be a treat to watch. 63mts chart The next support comes at 44542 followed by 44068. The odd thing is that Global markets are so positive except China and Hong-Kong. And we do not have any bad local macro news except for the Sony-Zee saga and Govt. decision to increase the import duty on Gold & Silver. We strongly feel these positions are for the Budget 2024, If you have a better valid point - do mention it in the comments below. Also, we do not have an expiry tomorrow as both BN and N50 will have the monthly expiry on 25th. Strangely in Jan month, BankNifty’s last working day is the 31st on which it has a weekly expiry, but its monthly expiry is on 25th because Nifty’s on 25th. Some things you see only in India.
NSE:BANKNIFTYShort
by viswaram
20 Jan ’24 — Will Quarterly results help the BankNifty bulls?BankNifty Analysis - Stance Bearish ⬇️ For some or the other reason, the 4mts & 63mts charts are not visible on TradingView. It may be due to this unscheduled working day and they might be facing issues with data feeds from vendors. We had a bearish view yesterday also and despite BN ending the day today with 357pts ~ 0.78% we are still maintaining the bearish stance. 16mts chart A shallow support and resistance zone has formed between 45609 and 46025. The first critical support is unchanged at 45399 and the critical resistance at 47465. BankNifty was single-handedly responsible for limiting the losses on Nifty today - so we need to give due credit for that. But take a look at the chart - The fall from 48000+ levels did not just come because HDFCBK had poor results, it may be unwinding by FIIs considering the fiscal policy changes or reforms expectations for Budget 2024. So even if we have super duper results like the KOTAKs and ICICIs - we may not scale up that quickly. Honestly, we prefer if BN could reclaim the ATHs and support Nifty to crawl back into the channel. The US market hit a new ATH yesterday - SPX and the mood is euphoric.
NSE:BANKNIFTYShort
by viswaram
20 Jan ’24 — Probably the first working Saturday for a TraderNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The last 3 candles almost gave away the clue that bearishness was ending. We would still like to see how Nifty will open tomorrow. Ideally, it should open above 21698 i.e. within the channel to cement the idea that Bears are thrown out of control.” 4mts chart Open was right at the trendline and it acted as a resistance. Nifty was unable to breach it and it meant we would have either a flat or negative day. A lot of interesting things happened today. NiftyIT moved down and ended with -371pts ~ 1.00%. Most of them would not have noticed IT falling. The banks outperformed today, Kotak +2.41%, AUBANK +2.32%, CANBK +2.22%, PNB +2.74% & ICICI +0.95%. If not for these, Nifty would have had a serious fall today Nifty’s low today was lower than yesterday’s low and it has closed the gap from 18th Jan. The OTMs of both Nifty and BankNifty were trading in green and sometimes had unusual spikes often seen during low liquidity. Despite the quick announcement to have a working day today - the actual traded volumes or contracts were not that bad either. Initially, we thought DII and FII would not participate, but they ended up selling 719 & 545 crores today 63mts chart Nifty was unable to get into the ascending channel despite results from RELIANCE and major banks. We suspect some weakness is haunting N50. It could completely be news/event-driven or related to the build-up for the budget session. The selling figures from the institutions may be because of this. From a technical analysis perspective, Nifty looks range bound between 21913 and 21491. Falling below 21491 could auto-trigger further shorts and it could even be an avalanche. Our stance remains neutral for Tuesday, also note that Monday will be a holiday for the consecration of Ram Mandir in Ayodhya.
NSE:NIFTY
by viswaram
17 Jan ’24 — BankNifty & Nifty are both bearish now - Consensus BankNifty Weekly Analysis Between the last expiry and today, BankNifty has fallen 1274 points ~ -2.69%. It may not look so dangerous, but keep in mind we had a swing range of 2328pts ~ 4.82% between the high to the low of the week. Of these 2328pts, 2060pts ~ 88.4% came just today. 16mts chart BankNifty Analysis - Stance Bearish ⬇️ We opened 1423pts ~ -2.96% gap down today. The first 2 candles were green showing some fightback to reclaim the 47465 S/R which we just broke. BankNifty’s support break was the major highlight anyway - It was right below the bullish trend line and above the bearish trend line yesterday. The breakdown from there was the real impact. 4mts chart The option prices were absolutely crazy, especially on the CALL side. The premiums remained elevated right till 15.00. The PUT options on the other hand (far OTM) had given up the premiums even though it had some unusual surge in the opening minutes. Most of the traders would not have capitalized on the premium spike as by the time they punched the orders, the premium would have evaporated. 63mts chart The price action today paves the way for further downward action. Primarily both Nifty and BankNifty are in the same stance (bearish) and secondly, N50 has just violated the ascending channel whereas BN steered clear on 1st Jan. The biggest issue is that the next support comes at 45399 followed by 44542 and both indicate steep cuts.
NSE:BANKNIFTYShort
by viswaram