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ICICIBANK

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 . 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 charts 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.
NSE:ICICIBANKShort
by EntryandExit
Is Nifty getting ready to end this week above 17000?NIFTY 50 EOD ANALYSIS 22-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 16865.55 H 16971.00 L 16819.55 C 16955.45 EOD +184.60 points / +1.10% SGX Nifty 22-12-21 @ 1835 = +12 FII DII = +770 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a good gap-up and then shot up to cross 16900 for some time and then sold-off as usual. It then recovered in a slow paced market with some amount of choppiness and never looked back to retest the lows. It rose almost 100 points in the final hour even though FTSE was showing a somewhat negative bias. Nifty has made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 101 Top 5 Draggers contributed = 9 Net = +92 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 318 Top 3 Draggers contributed = 4 Net = +314 POSITIVES Bank Nifty ended above 35000 is a good sign and Nifty managed to close above 16950 is also a good sign. Reliance, SBI, ICICI Bank, and Kotak Bank are looking better than what they were a couple of sessions back. This would impact the sentiment positively and help steady the indices. The positive sentiment was prevalent was mostly throughout the market with almost 70% of the NSE scrips for which the Advance-Decline ratio is worked out showing a positive close. NEGATIVES HDFC continues to show weakness at higher levels and as a result even HDFC Bank seems to have been impacted as unlike yesterday, it ended on a muted close. 16985-17000 is a hard line to cross. TRADING RANGE FOR 23 DEC 21 Nifty support = 16600-700 revised upwards considering the fact the low for the day was 16800+. Nifty resistance = 16985-17000-17050-17100-200 INSIGHTS / OBSERVATIONS Though the last 2 sessions have ended in good green, on a closing basis, Nifty is still below the 17-12-21 level. This is therefore likely to play out as the beginning of a tough line of resistance. Despite a weak FTSE, our indices ended in good green which is a surprise considering the fact that the tendency so far has been to be sold off as and when FTSE is in the red. Maybe there is something that is likely to unfold tomorrow in the opening hour. Bank Nifty was 421 points of which 318 were from SBIN, ICICI Bank, and Kotk Bank. It is good to see SBI and Kotak Bank turning in as positive contributors. Now only HDFC Bank should remain non negative for the index to move up. What do you feel about this? Here is the link to the video: Thank you, and Happy Money Making! Umesh 22-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Simple Trade Setup | ICICIBANK | 22-12-2021 [INTRADAY]NSE:ICICIBANK Most of all the levels and trade setup remains same as per previous. Trade Setup for Date: 22-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ICICIBANK
by Trading_hawk
Bulls unable to hold on, yet indices end in greenNIFTY 50 EOD ANALYSIS 21-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 16773.15 H 16936.40 L 16688.25 C 16770.85 EOD +248.15 points / -0.94% SGX Nifty 21-12-21 @ 1930 = +25 FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a significant gap up and was able to sustain the same and kept moving up as the day progressed. However, it then became obvious around 16940 levels where there is an earlier intraday resistance that the bears may not let the rally continue. And at 1300h, that is what happened and the sell-off continued and almost threatened to wipe out all the gains. Finally, in the last hour Nifty managed to recover well and ended in the green. Nifty has made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 60 Top 5 Draggers contributed = 16 Net = +44 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 246 Top 3 Draggers contributed = 95 Net = +151 POSITIVES Both the indices ended the day in green. HDFC Bank and ICICI Bank were the leaders in lifting the indices and remained positive throughout. Reliance also joined these two in helping Nifty not give up all the gains that had been made in the first half of the day. NEGATIVES The manner in which the indices fell in the PM session indicates that there are large sell orders around 16900-950 and it is unlikely that the bears would give up the territory that easily. HDFC, SBIN, and Kotak Bank remain the problem scrips for the bulls as these are the scrips where every rise seems to be getting sold in to. TRADING RANGE FOR 22 DEC 21 Nifty support = 16300-400 Nifty resistance = 16800-900-950-17000 INSIGHTS / OBSERVATIONS For the 2nd in a row, Nifty OHLC was below 17000. This is an unusual sight in recent times. This also shows that the bears have not yet given up and any rally is likely to get sold into unless there is ferocity in the up move which was not seen on the horizon today. Whenever FIIs are the net sellers on the previous day and Nifty is trading with a significant gap up and the same is held on to, it would be safe to expect a sell-off in the PM session followed by a recovery which may not be full. Catching the last set of bears off guard and just when they have covered their shorts and switched to longs, comes the sharp sell-off which shakes the new longs out and before they can decide to re-enter, the fall is recovered in no time. So it is necessary for traders to be better Mentalists than good traders as only such people would be able to go with the flow. Yesterday’s massive fall was attributed to global Omicron fears even as India is for now better placed than the rest of the world. I am wondering what media would attribute the positivity in global indices to? Is Omicron gone? If we remove such noise, market moves and numbers would make better sense. And here is my latest tweet about an observation made: What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 21-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Simple Trade Setup | ICICIBANK| 21-12-2021 [INTRADAY]NSE:ICICIBANK Observations: 1) On 1day time frame, it is trading above 200DMA. 200DMA is placed at 673.87 level. Also it has immediate support at 700 level. On Daily time frame , it has also made rounding top pattern. Neckline is at 709. Better to avoid trade between 700-709 level range. If it trades above 709/710 level then we can see failure of rounding top, but it may create inverted cup and handle pattern. Below 700 it will be weak and can go to test 200DMA. Which will be very critical support. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 21-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ICICIBANK
by Trading_hawk
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 . 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 charts 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.
NSE:ICICIBANKShort
by EntryandExit
ICICI Bank is now on the radar.On Thursday(16/12/2021), we saw many banking stocks close in the red. The indices, also in red, closed above 36,500. Well, we know it's an important level of banknifty. It also important to watch how Banknifty is going to perform. * ICICI BANK, with a weightage of 5.84 percent NIFTY50 stock, is down nearly 18 percent from its recent high, making now an good time to add to your long-term portfolio. *Recently, many analysts were also bullish on the stock, and we saw it shoot up. price action movement as well.  *Before entering into the stock, just look at the daily chart and draw a fib retracement line (867) between the recent high and (710). Look at where the 0.5% line and the same line recently took resistance near (770).The lower side (710-700) is actually acting as a good support level. Well, we can consider this respecting the price action. *In that case, considering the fib line, the current level looks good near (740). From the price action, we can expect bullish moments from there. If that respecting, I am confident about entering into a long position with strict SL.
NSE:ICICIBANK
by Manuadarsh
1
Will Nifty end the week below 17000? NIFTY 50 EOD ANALYSIS 15-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17323.65 H 17351.20 L 17192.20 C 17221.40 EOD -103.50 points / -0.60% SGX Nifty 15-12-21 @ 1930h = Flat FII DII = -2,354 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap up and as usual, it was sold in to and heavily as it breached 17200 as well. It then managed to recover well but hit an intraday resistance around 17280 and fell back again closer to 17200. It yet again bounced back and this time made a desperate attempt to retest the previou close which failed and then it fell almost 100 points to end below 17250. It was a very choppy day yet again. In the process, Nifty has made yet another lower high and yet another lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 14 Top 5 Draggers contributed = 58 Net = -44 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 24 Top 3 Draggers contributed = 159 Net = -135 POSITIVES Kotak Bank looks good and ended up 1%+ amidst intense pressure. NEGATIVES Reliance yet again ended below 2400 and this is going to weigh a lot on Nifty performance. India Vix has gone up. HDFC Bank is unable to sustain 1500+ levels. HDFC gets hammered upon every rise. IT big heads were under extreme selling pressure. Bank Nifty ended below the important level of 36800 and Nifty well below 17300. Net FII DII numbers are more than -2,000 Crores. TRADING RANGE FOR 15 Dec 21 Nifty Support = In view of the continued selling pressure, I move down the supports to 17050-100. Should this break, 16750-850 may open up as a support. Nifty resistance = 17300-380-400-450-500. Bank Nifty Support = 36200-500-800 Bank Nifty resistance = 37000-200-500-700 INSIGHTS / OBSERVATIONS Just because FTSE was in the red, our indices were made to fall in the last 45 minutes or so. This is what I could gather as the fall came from around key potential breakout levels that could have changed the color of the EOD prices. I have a feeling of course based on my readings that whenever indices end the session near day's low, they tend to bounce back the following day. Let's see how it unfolds tomorrow. The last time Bank Nifty made a low at or above 37000 was on 25 Nov - so much is the negativity being experienced by the index. Tomorrow is the weekly expiry so either has the potential to register a low above 37K or simply fall further. Even though Bank Nifty has ended below 36800, as mentioned in my weekly analysis, Bank Nifty is outperforming Nifty for now as for Nfty, the pressure is oncoming from HDFC, Reliance and now from the IT big heads. What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 15-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
icicibank channel and harmonic patternas we can see it was moving well in rising channel and finally broke out upside but hey wait ! you could have waited to retest this channel line to enter for long and if go by the books if you miss the long journey it is high time you entered it when channel line or trendline is retested. Now i have combined this upper channel line with bullish ab=cd pattern and long target according to it being 957 Possibility 2: what if it does not stop on channel line upper one? then it will come to down to lower channel line and we can long / average here at 706 i have shown both moves with two different colors good luck Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
NSE:ICICIBANKLong
by UnknownUnicorn22711483
5
Strong continuation of upmove, what next?NIFTY 50 EOD ANALYSIS 08-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17315.25 H 17484.60 L 17308.95 C 17469.75 EOD +293.05 points / +1.58% India VIX 17.27/-6.45% SGX Nifty 08-12-21 @ 1900h = +25 points FII DII = +1156ICrores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a strong gap up and sustained the same except for 5 minutes when it breached 17400 briefly. Even though there was positivity throughout and India Vix is also showing a good downward move, the market was choppy and many SLs may have been hit on either side. The indices made significant higher lows and higher highs. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 131 Top 5 Draggers contributed = 3 Net = +128 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 595 Top 3 Draggers contributed = 47 Net = +548 POSITIVES Nifty closed above 17450 and closer to the day high. Bank Nifty closed above 37200. India Vix keeps falling. The Advance-Decline ratio is quite impressive as 2/3rd scrips have advanced. FII DII data is +1100 Crores NEGATIVES I do think anything worth a mention can fit in here today. TRADING RANGE FOR 09 Dec 21 Nifty Support = 16900-17000 may well be the new base. Nifty resistance = 17500-600 Bank Nifty Support = 36500-800 Bank Nifty resistance = 37500-700-37000 INSIGHTS / OBSERVATIONS Of the total gain of 663 in Bank Nifty on EOD basis, the net contribution of the Top 3 Lifters & Draggers is 548! This explains why Bank Nifty was on a high today. There are 2 significant things that I feel are important and these are: Nifty’s low for the day in comparison to that of yesterday is higher by 300+ points. Bank Nifty Low for the day in comparison to that of yesterday is higher by almost 900 points. And this becomes even more interesting when we look at the following: Nifty EOD is up by 300+ points than EOD price of 1-12-21 Bank Nifty is up by 900+ points than EOD price of 1-12-21 Kotak Bank is like a hedging instrument - it prefers to run on its own course as when Bank Nifty was very strong today, Kotak Bank dragged. This has been the character of the scrip. I do not recollect when was the last time that the indices moved up this way after RBI policy announcements. Let us see how the expiry turns out tomorrow and whether India Vix continues its downward journey. A weekly close above 17500 on Nifty and 38000 on Bank Nifty would be a good thing to have. Nifty reached 17422 at 0925h and except for a 5 minute candle which took it to 17390, the rest of the entire day, it moved in a very narrow range of 62 points. However, Bank Nifty had a choppier day compared to Nifty with many ups and downs. What do you feel about this? Thank you, and Happy Money Making! Umesh 8-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Indices spike - was this a reversal or new shorts created?,NIFTY 50 EOD ANALYSIS 07-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17044.10 H 17251.65 L 16987.75 C 17176.70 EOD +264.45 points / -1.58% India VIX 18.46/-8.05% SGX Nifty 07-12-21 @ 1900h = +30 points FII DII = +21 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a significant gap-up and then expectedly sold off but quickly recovered and then started climbing up. It then continued to clear resistances with relative ease except that in the last hour it could clear the 17250-60 line and fell from there. Nifty as well as Bank Nifty have made higher highs and higher lows. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 101 Top 5 Draggers contributed = 5 Net = +96 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 572 Top 3 Draggers contributed = 0 Net = 572 POSITIVES Nifty closed above 17150. Bank Nifty OHLC above 36000. India Vix down by 5%. HDFC twins, ICICI Bank, Reliance and Kotak Bank lifted themselves to pull up Nifty. The Advance Decline ratio was also quite positive. NEGATIVES Even today, the FIIs have sold more than 2,000 Crores and DIIs have just managed to buy identical amounts. So the weakness is still around. More about it in the Insights section. TRADING RANGE FOR 08 Dec 21 The way the indices have behaved today, I feel it is best not to make a false attempt to draw the lines. I would wait for a couple of days - post RBI policy to start finding the supports and resistances. Every small rise is sold into - this indicates a bearish market. Above was my comment for today and in view of the RBI policy announcement, I prefer to retain the same. INSIGHTS / OBSERVATIONS The day’s movements reminded me of the mock trading days that brokers carry out on some of the weekends. The numbers were all sort of unreal as till yesterday, it appeared that it was all hell broken over the markets. And overnight, nothing has dramatically changed except the discussions that the FIIs may have had with their overseas counterparts to which we have no means of knowing. I am not sure who would have created and ended yesterday with a long position specifically for exiting today. I will have to dig social media deeper to check as I could not see any such messages proclaiming - I already knew about it. The rally may have been more on account of short covering that may have been fueled by the indices breaching key resistance levels. On Nifty, after the resistance around 17100-120, the next resistance was around 17250-260 and the latter proved to be too hard to clear as the last hour of trading kicked in. This tweet sums up the story behind index movements well - Was this unexpected spike managed to create yet another free fall with today's highs as the shorting point? What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 6-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT