Buy ICICI Bank Buy ICICI Bank near 617 Stoploss 607 Target 630
Study: Double Bottom Breakout and Retest Structure
ICICIBANK
ICICI BANK Slightly BullishICICI BANK has formed a higher high but the RSI was same as the previous High.
According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears.
I am not 100% sure about it but let me know what you think about it.
ICICI Bank: Short term targets 655 and 690After breaking the trend line decisively on 26th April, ICICI Bank has sustained support at the gap which is the 38.6% support area. Now it is poised to move to targets of 655 in the short term, followed by 690 soon after.
ICICI Bank 17 May Monday Levels are on the chart. If you have nay query or doubt ask in the comment section.
Trade Wisely and Smartly.
Am I analyzing correctly ? Icici bankHere I am new and learning all about trading and analyzing and this is the best platform to interact with the professionals and masters.
Here is my question is just that am I analyzing correct inverted cup and handle pattern in icici bank in hourly chart pattern ?
ICIC BANK: READY FOR A BREAKOUT?ICICI BANK HAS FORMED A CHANNEL PATTERN. CLOSING AND SUSTAINING ABOVE 653 CAN LEAD TO A POTENTIAL BREAKOUT.
ICICI Bank short @ 624- 627 for Target 620- 616- 612- 608+ SLICICI Bank short @ 624- 627
for Target 620- 616- 612- 608+
SL above 630 (15 min candle closing basis)
Adjust fut levels as per cash levels
ICICI Bank FuturesICICI Bank Futures (Can buy in cash as well)
LTP: 613.55
Support: 602.60
Resistance: 618.50 / 625.70
Red flag march ahead confirmation of evening star with high @628.5 which will be going to act strong resistance for a while so with SL at resistance shorting will be good till gap up not much great
Icici Bank : Thursday Trade - Head And Shoulders BD ?Stock has formed HnS on 15 min TF.
Tomorrow if stock breaks support zone then it will come to fill the gap created on 26th Apr
Short below 587 for a quick target of 581
ICICIBANK HEAD AND SHOULDER PATTERNHI GUYS,
WHAT ARE YOUR VIEWS DO LET ME KNOW
HIT LIKE AND COMMENT
TAHNKS
ICICI BANK ON 15 mins chartICICI 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 can we our third target.
ICICI Bank showing Bearish trendICICI 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.
ICICI Prudential Is going to the moon!!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 common sense icici prudential will definitely going to boom in future.
Now let’s talk about Technical Aspects: -
It has broken it’s most crucial resistance level which it was trying to break since .After breaking it it has formed it’s new all time high . It has also cut ema 200 From down side on daily time frame which is again a bullish signal .Volumes are also supporting this trend .So it is a good pick to earn profit in this tough corona time .
ICICI Bank good for short+long termPossibility 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 crores in just a single day
this type of large selling has been done only few times in the last 1 year and we have seen what this means
this clearly means investors are now on a reality check and especially FIIs ( Foreign institution Investors ) are pooling out their money little by little
so make sure if you investing then dont go all at once.
start an SIP, this is the ideal moment where you can start SIP and go for blue chips which you know
diversify your portfolio, and i would suggest play defensive this time and choose defensive stocks at this point of time
anyways, all these are just views. No one can predict the market and we have seen that in the last few days
covid cases rising and markets rising continuously without a head and tail
if situation persists, sooner or later everyone is going to react and it seriously takes only 1 day to take down your whole portfolio down by 10%
so invest wisely, and make sure you make the least mistakes possible
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Extremly bullish. Targets 649, 720.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 momentum traders) and medium-term target of 720 for positional traders. Also, any pull back to the gap region (590 – 580), due to pandemic induced fear selling, may be used to add fresh positions.
This is an analysis and not a trade recommendation. Make independent verification of all analysis, ideas, recommendations, suggestions, tips, advisories before deciding to invest.
