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ICICI bank broke its major uptrend trendline. Using Fibonacci we can see it’s sustaining near 31.8% level with making HEAD N SHOULDER PATTERN. H&S is a reversal price action pattern which indicates a possible reversal of trend. Fibonacci 50% first target. Fibonacci 61.8% second target and if stock sustain near 61.8% and breaks the level 78.6% level on Fibonacci...
ICICI Bank is replicating what BankNifty is doing. So as Banknifty is showing weakness in all time frame, ICICI bank will also perform in the same way. Short term trade can be initiated for 550 levels if the Neckline of the Bearish Head and Shoulder breaks.
Hello!! Traders I am publishing for first time so please ignore my small mistakes. So, now let’s talk about icici prudential this stock is fundamentally very strong .Also Due to 2nd wave of corona demand of health insurance has increased ,People are now became more aware about their insurance related benefits and planning to secure their future. So, if we use our...
Possibility 1 :-Gap fill and continue up trend Possibility 2 :-Gap fill+ retest of falling wedge supply zone but but!!!! times are hard, covid 19 cases are continuosly rising at an alarming rate and this same type of market structure nifty formed last year before crashing down to near 7500 levels last trading day foreign investors sold a whopping 3500...
After a sustained downward trend from mid February, ICICI bank has broken the price channel on the upside with a gap, on the back of excellent results. Today, the results day high (605.50) has been broken decisively on the upside. Also, important trend indicators have turned bullish. It is time to go bullish on this stock, with short-term target of 649 (for...
After a sizeable correction the stock is moving up from the base impulse channel. One should buy the stock from current levels & add on dips , maintaining the SL of 550 and look for the targets of 650/670/725 as the wave five formation.
breaked weekly resistence and retested tooo. very bullish FURTHER good pattern breakout on hourly chart too( image link in description)
dont get trapped in shorts with stop loss of only 529 go long for target 696 trade at your own risk
If current support of 545 is held then we may see the 625, 680 and if breached then 700 and 800. On the downside if 545 is breached may lead to 500-490
ICICI INTRADAY PLAN - 26 APR 2021
ICICI Bank on a verge of Parallel Channel Breakout. Double Bottom at 535-540 levels + Bullish Engulfing Candle makes it a perfect confluence. Targets Mentioned on Chart.
Descending trendline breakout, strong support, stochasticRSI divergence, macd crossover, raising volume, Q4 result is good and since it fell nearly 20% from its highs in last 2 months its a good time to buy.
long for target 590
ICICI BANK TRAVEL BEAUTIFULLY IN A CHANNEL WEEKLY TF. TOOK SUPPORT AT LOWER WALL OF CHANNEL TWO TIMES i.e. AROUND 530 LEVELS... WILL START ITS BULL RUN ONCE AGAIN AFTER WEEKLY CLOSING BASIS ABOVE 610-615 LEVEL...
ICICI BANK EQUITY levels ...20/04/2021 (D candle)
The recent correction in ICICI Bank is an opportunity to accumulate buys. Price has corrected considerably and I will use this dip to load up buys at a discount. Long ICICI bank between 530-544 and target 600/620. Put stop loss at 505 .