ICICIBANK
icicibank coming week viewchance to move both side for few days, look for price action to conform ,
but over all stock still up upside .. will get the support from
any ware seems like good support
Note: im working on 5 minute Time Frame ,look at
in 5 minute time frame for better Idea
Use intraday 5 minuet magic method to enter
ICICI bank at a crucial resistanceICICI bank is about to break its previous all time high very soon. It already tried twice but failed. Might break it next time. Keep a watch. Plan your trade accordingly.
ICICI Bank Flag & Pole patternICICI Bank is forming a flag & pole pattern. Can expect a minimum 30 points move if it breaks on the upside. It has also taken good support from the upwards trend line.
Sell ICICI Bank below 539Short if stock sustains below 539 for the targets of 530 and 522 and 515.
Happy Trading!
InvestPro India Team
Box Breakout in BANKNIFTYBANKNIFTY finally broke the upper resistance of the box that was there for a while. Good time to go long. It may retrace to the upper level of the box before going any further so be aware of the same since doji has formed. Keep this in mind and keep looking at price action.
Now, upper targets are open for the week:
Target 1: 32140
Target 2: 32460
Axis Bank and ICICI Bank have finally become strong. They can be bought for medium to long term as well. Kotak and HDFC seem weak.
Note: Post only for education purposes.
ICICIBANK | CHART#13ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations.
*Stock Analysis*
-- Stock made a breakout at 490 levels. If it sustains then it can move up to 550 levels.
-- Good Volume confirmation
-- RSI Indicator above 50(on Daily chart) shows a buy sign
-- Once it touch 550 level there is a possibility of retracement up to 490 levels.
*Important Levels to Watch*
-- Entry 505
-- Target @ 545
-- SL @ 490
NOTE : Enter only if the scrip sustains 500 level next trading day.
Good Luck Investors❗
-GokulHari
ICICI good for buy at 540 levels ICICI good for buy at 540 levels
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
ICICI Bank - Ascending channel resistance breakout at monthly TFICICI Bank - Ascending channel resistance breakout at monthly TF
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
ICICI BANK Elliott Wave Theory ICICI BANK Elliott Wave Theory Short From Wave B Don't Hold If Setup Is Valid
ICICI Bank: Chart set up and Trading strategy...!!!ICICI Bank
Closing price 527
We observe
- The stock trading in phases of Consolidation and directional trade phase alternately
- The stock has just given a directional movement
- Are we going to see a Consolidation Phase now?
Given the chart setup:
One may consider an Iron Condor Strategy here. It is a 4-part combination of Sell and Buy of Call & Put options
- Sell 560 Call option (Closing Price 8.50)
- Buy 580 Call option (Closing Price 4.60)
- Sell 500 Put Option (Closing Price 7.35)
- Buy 480 Put Option (Closing Price 3.65)
The strategy would have a max profit of Rs 10450/- if it closes anywhere in between 500-550 on 28 Jan 2021.
Yield potential on strategy 14%
Loss in strategy if ICICI Bank Closes below 492 or above 558 on 28 January 2021
Any trading decision should be taken after assessing your risk management and if you are comfortable with the risk involved as against the reward potential it has.
Take care & safe trading…!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ICICI BANK - Ascending parallel channel resistance breakoutICICI BANK - Ascending parallel channel resistance breakout at monthly time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
ICICI Bank Upside Movement Long TermLong @560
Target 1: 615
Target 2: 690
Stop Loss: 525
There may come a correction to lower levels first and then the longing opportunity may come, wait for 560 levels.
Decreasing Volume indicates the possibility of a decent short as well but does not seem a big threat.
Note: The post is only for education purposes.
#icicibank 🏟💰💴💵💶💸 NSE:ICICIBANK
fresh long only and only above if it close and stay above 550. till 550 every rise is short opportunity. use your trade set up and enjoy profits. wish you a very very healthy and wealthy and happy new year in advance🎈🎆✨🎉🎊🎄
