ICICIBANK
Stock Analysis of ICICI BankDt. - 24-12-2020 Price - 513.55
Price took the support of the old trendline on 22-12-2020 and started moving upward. Horizontally the support line is placed at 501 and the next resistance line is 527.05. If the stock takes support at 501 and bounces back then it can go up to 527 for the 5% profit. 2nd resistance line is placed at 551. RSI is neutral and 21 DEMA is below 500. So we are expecting that stock can come up to 501.
On a weekly chart, the stock made a hanging man pattern and last week it closed with bearish Doji pattern.
BUY ICICI BANKTime to Swing buy icici bank for swing for the target of 530
Hit like if you believe icici bank will go up
ICICI Bank Support LevelsAs per monthly and weekly analysis shown on chart,
First support - 465
Second support - 390
Worst case support - 330
Banknifty Still in Selling pressure Banknifty still having selling pressure Don't even think to buy any bank nifty future or CE . Even Dont buy bank stocks for now
If the market open flat or small Gap up or Gap down then we can still short it or other bank stocks like axis , icici , kotak bank short
Gap level's indicated by blue lines
Wait for a signal if you are trading on indicators for confirmation
If you take a trade without trade plan or confirmation in any indicator or breaking support you'll definitely occur big loss it's not important small or big loss will be confirm
My view is bearish until a sideways market : Market cannot to uptrend directly from now it should make sideways and uptrend if it want to go uptrend
Tomorrow ill short axis and kotak if icicibank also if it gives only indication to sell
ICICIBANK LONG SIDE already falled much 2 % is big now it will go uptrend to sideways
Took trade at 507.50
stoploss of 505 : 2.5 points
target of 512.50 : 5 points
RR ratio : 1:2
banknifty also at important 30400 round level support if bank nifty also help can trail to big target of 10 points
ICICI bank to ge tired here? Theory suggests soICICI bank received strong support at the trend-line as indicated by the arrows. By theory, a previous support acts like a resistance. ICICI bank is at that levels again and could find stiff resistance.
But if decisively broken, then the move could be huge.
Like and follow.
NSE:ICICIBANK
Upcoming Rally for ICICI BankWe can see there is a strong support zone. The stock has already stared forming a rounding bottom. Upward move can be seen in the coming days.
ICICI Bank analysis If the Current price is forming an excess then price again will get attracted on the Gravitation Line .
Or there can be a Breakout !
So the price will start its upward Movement.
FRESH BUY IN ICICI - VIEW SHAREDBUY ABOVE 515
TARGET 522
STOP @ OWN COMFORT
REASONS - APPLY COMBINATION OF
CANDLE FORMATION, ADX, RSI
>>> 2 INSIDE BODY
>>> RSI @ STRONG BUY
>>> ADX ABOVE 30, +DI > -DI
disclaimer - for study purpose only.
icici Bank - Technical Analysis - 15 min ChartClose below 499
it may be down to 496 to 480
then only upside will be start.
matter is stock getting to cross under prrevious low and
it should make structure down to lower low
Also friends some times wicks are playing
no problem not consider wick in this scene
wicks are play for stoploss hit
Becare
icici Bank - Technical Analysis - 15 min ChartAs per 15 min Chart
Retracement are running, so correction 5th wave is remaining so stock comes down to make close the below previous low of 499 then it will be boom to next uptrend so becare
After the stock boom to uptrend
icici bank technical analysis - INTRADAY EducationalAs per Chart 15min
icici bank get small retracement then it will go up
SHORT ICICIBANK SHORT AT 507.50
SL : 510.20
TARGET : 503 NEARLY 1%
TRADE RATIO : 1: 2
WATCH IN 5MIN CHART
ICICI bank to take long entryLong ICICI bank weekly level @ 505 TGT 550-580 . SL can be taken 494 Tight SL. Entry only after the confirmation of BO. Good risk to reward ratio. This is for your educational purpose only.
