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ICICIBANK

Simple Trade Setup | ICICIBANK | 16-05-2022 [INTRADAY]NSE:ICICIBANK Observations: 1) On 1day time frame, it near critical support zone of 670-675 range. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 16-05-2022 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
ICICI in good position to take multiple trades .ICICI is at a position where we can take multiple trades . Not in sequence depends on how the stock moves . 1)1st trade would be taking a long after touch on the trend line . Risk only 2% of capital . 2) Short at 691 . Risk 1% cap. 3) If trend line has already been hit , can take chance with 3rd trend line bounce after it hits 691 . Risk only .5% or even less . All things said , keep a close eye on how the Sensex plays out for the day.
NSE:ICICIBANK
by insanity_ravage
1
Bank nifty key levels for the upcoming few weekBank nifty might face a consolidation for a few days Fundamental factor 1. war-like situation in the market. 2. most Chinese cities are under lockdown. 3. due to LIC IPO we could see a sell-off in the stocks for some time. 4. Fed might hike the interest rate due to increasing inflation. So, overall there is a lot of fear In the market (REMEMBER ALL THE BULL RUNS START WHEN THERE IS PANIC IN THE MARKET YOU CAN TAKE THE RECENT EXAMPLE OF THE WAR) Technical reasons 1. the level of 35500 is imp because it lies at a 50% fib level and according to price action it is a good support. 2. 200ma is resisting the 37000 level and 50ema is also resisting the market. 3. so overall there are a lot of resistances in this zone so this is a no trading zone. WHEN TO BUY? 1. there is a gap formed at the levels from 37200 to 37600 and the market tends to fill gaps with a big momentum like in the past. 2. So, we could go long once it breaks the no trading zone and 1700 points target could be achieved
NSE:BANKNIFTY1!
by farhanf7867
ICICI BANK TRADING IDEA Q4 2022 ResultsNSE:ICICIBANK Candle Pattern Form on Weekly Closing is Shooting Star at the top ( A Bearish Candle) indicating trend reversal. A Death Cross was also formed on 12th April when DMA 44 crossed below DMA 200. There is a Gap between 778 to 788... which is offering resistance! Due to Good Q4 2022 Results, the Stock is likely to open GAP UP on Monday, April 25, 2022. However, analysing the Futures Open Interest data its observed that there is a short build up. Option OI suggests that heavy Call Writing has been done from 780 onwards... 800 has the highest CALL OI... So 800 will be a Strong Resistance. Also Maximum Puts have been written at 700 level, so 700 is a good support. These two levels may be respected at least till this month Expiry April 28, 2022. Overall its prudent not to enter at 770 above level unless it crosses the resistance... else it may be a Trap for the Bulls!
NSE:ICICIBANK
by ka4mic
3
ICICIBANKICICIBANK has broken above the swing high today and it is on the verge of closing above RK's short stop loss line, this can possibly lead to the next step of up move. Also macd and other indicators are also suggesting same scenarios, As per wave counts, minor degree wave iii can possibly unfold at 777 and more, On the way down 694.50 level would be support to watch out for forthcoming trading sessions. rk buy signal in daily and also close above rk SL line macd in weekly converging macd in daily positive rsi in daily uptick along with double breakout dmi adx converging towards positive Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:ICICIBANKLong
by RK_Chaarts
ICICI Bank - Harmonic Pattern Combined with Trend lineICICI Bank has fallen nearly 18% from its all time high. A fundamentally strong stock which has been respecting harmonic levels several is expected to be reversed from the marked level. 680 level is the range to initiate buy. Harmonic levels also matches with the support zone as shown in the chart. It is also an classic example of previous resistance acting as support and it is expected to take support at 680 and move higher. A chart pattern of higher highs and higher lows in 15 minutes timeframe would suggest a strong up move coming in the future.
NSE:ICICIBANKLong
by Trade_Harmonics10
ICICI Bank (Bearish View) Currently the stock is trading at 18% discount from all time high levels. ICICI Bank (TF=W): 1. Double Top pattern is being formed on Weekly time frame. Stock has given closing below "M" pattern (Double Top) neckline. 2. Also, the stock has given closing below 50 Week Exponential Moving Average. 3. Selling Volumes are continuously increasing. ICICI Bank (TF=D) 1. "M" Pattern breakdown. 2. Trading below 200 Days Exponential Moving Average View Point: 1. Stock seems to be bearish seeing global cues and formation of Double Top pattern 2. Can be accumulated at lower levels for Long Term Investment Addl Points: 1. FII/FPI have decreased holdings from 47.29% to 45.28% in Dec 2021 qtr 2. Mutual Funds have increased holdings from 27.21% to 28.20% in Dec 2021 qtr. Note: 1. The above analysis is for educational purpose.
NSE:ICICIBANK
by deeptinseth
3
ICICIBANK heading to 610 nowIn continuation to my view published on 01-DEC As we have now breached 06DEC low 707.5 we are now in a incomplete bearish sequence by making Lower High and Lower Lows. This sequence started as a corrective wave after completing Cycle which started from MAr-20 and made high on 25-oct @ 687. and than started its corrective move which completed its 1st leg on 06DEc @ 607.5 and made a connector to form B in RED on 13DEc @ 769.7 and now is heading to complete its 3rd leg to complete the corrective cycle. This leg we can expect to reach upto 610 level now which will be our Entry Level for a next UPSIDE move.
NSE:ICICIBANKShort
by profitadda