ICICIBANKIm not an expert im just sharing my views on ICICIBANK for tomorrow
Im not responsible for any profit or loss this is not a recommendation
ICICIBANK
ICICI BANK CHART ANALYSISTHIS CHART GIVES YOU KNOWLEDGE ABOUT ICICI BANK CHART ANALYSIS WITH SUPPORT AND RESISTANCE
ICICI Bank looks bullishBanknifty has been a major underperformer in the current market. This is majorly due to the heavy weights such as HDFC Bank, ICICI Bank, Kotak and Axis Bank not moving higher in a sustainable way and hence they correct 70-80% after a small rally. ICICI is a great candidate for a short term trade. Overall structure for ICICI Bank is looking bullish with 6 wide range candles visible, on back ok more than average volume. This is a sign of strong buyers. 2 weeks ago ICICI Bank had given a breakout above a resistance zone from 265-285. Now it is taking support near the previous resistance zone. I would like to go long above 395 with targets of 440 and 485 in the coming few weeks. Personal stop loss will be at 350 levels. The reason why I want to go long above 395 is because 395 is the mid point of the wide range bearish engulfing candle, and a mid point of a wide range candle can be used as a support or resistance. Risk should be managed according to your risk appetite and the SL mentioned is according to my risk appetite.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
ICICI BANK LONG 350-355Icici bank trending between chennal, buy around 350 to 355 for target of 420. SL 338
#ICICIBANK #Elliotwave pathA clear W-X-Y correction seems complete, the downward trend should pickup speed now to new lows in the coming months
ICICI BANK - SHORT , 4 SEP, 2020Engulfing Bearish Candle pattern on daily chart.
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisor. Risk it for the biscuit.
ICICI Bank channel breakoutICICI Bank is attempting to breakout from ascending channel from demand zone, go long above previous day high with SL below demand zone.
ICICIBANK Pitchfork Pattern Elliot C wave correctionICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave.
Multiple major resistance 364,375,385 above which 410,442 is expected.
Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)
#RBLBANK #BANKNIFTY #NIFTY #TRADING #BANK #FINANCIAL #INVEST#RBLBANK #BANKING #BANKNIFTY #NIFTY50
RBL Bank Ltd.
CMP: 182.15
Target: 200 / 250
SL: NA
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Icici Bank analysis on daily time frameIcici Bank analysis on daily time frame
Ascending triangle breakout
Buy at 411
Target 460
Stoploss 367
ICICI Bank on shorter degree Elliot wave explanations Its drawing nothing to suggest its shorter degree Elliot Wave which is on most confusing wave 4 it may reverse from 14.6% or 23.6% or max 38.2% show if you agree You can follow up this trade
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Resistance AheadThe price took support of the Ichimoku cloud at 358+. The future cloud is in green. The MACD is in green. The momentum is at 21 which is positive sign.
Resistance Levels: It might see 1st resistance at 379.45. 2nd level resistance is at 392.45.
Support Level is at 339.10.
ICICIBANK BUY ON BREAKOUT I 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. Example presented in these chart is 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.
ICICIBANKCMP-369.5
As discussed yesterday, the last hour buying resulted into uptrend whole day. current closing is at 100days EMA(370), which is a good sign. both RSI (56) and MACD had improved (increasing height of green histograms). next level resistances stands at 371 where it had observed multiple rejections. and above that 375 and 383(which is the Fibonacci retracement level .618).
today also buying was strong in last hour of trade, this would translate into numbers in coming day. stay invested, keep patience.
