Short ICICI Bank at current level... Traget would be 350
As the Q1 results of ICICI Bank have come you may thinking if you must buy and hold the stock. If yes! Then what should be your targets for the same. In this Analysis I will try to share my entry points and targets which will help you get into the market and gain your profits. The Strategy I Recommend the entry for Short term , as the Stock seems to sustain...
The decreasing volume in rectangle pattern is a bearish signal, trade the breakout at icici bank.
ICICI Bank can move towards 400-414-434. Below is my strategy for traders in this banking stock. Upwards:- Wait for ICICI Bank to take a direction. It currently stands at its resistance of 380. If this moves upwards or opens with gap-up, take an entry/buy position at 386-388 only after it touches 388 atleast once. Entry point: 388, SL: 378, Target: 400 (Intraday),...
CMP of ICICIBANK is 394.80 as on 23rd july 2020, by seeing current market trend most of them expecting that it will continue in bullish trend. but the bull trend is over now. this article written by me on 23rd july 2020 at 11.45pm. it may not continue in bull trend for upcoming days. as per my view of ICICIBANK it will follow downtrend for next 1 week till 30th...
NSE:ICICIBANK Line chart has given breakout on yesterdays closing basis. today it gave important eod closing. all banks have bullish charts means banknifty going to be a massive trade. just remember SBI gave zatka on 200 level. SBI should sustain 200 level on 30min candle atleast for a valid breakout. all banks will follow sbi n kotak ...why ???? u answer...
ICICIBANK BUY ABOVE 380 (BREAKOUT EXPECTED) TARGET: 383,386,389, 391, 393 IF CLOSE AND SUSTAIN ABOVE 394 THEN TARGETS: 398, 404, 410, 414, 418 Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to benefit more peoples
Note: This is for educational purpose only. There seems to be a build up near resistance which indicates strong buying pressure coming up. RSI above 60 further adds to the indication of bullish momentum.
Support points for long position * Missed posting yesterday. expecting gap up opening. * Broken its channel pattern with strong bullish candle with very small wick at top and bottom. * Closed above EMA 100 on day chart. * No resistance till TGT 1 - 392.5. * As stock is trying to close the gap the next target would be 398.6 which is EMA 200. * If closes above...
Stock of ICICI bank can be seen in uptrend & forming higher highs & trading above the 20 EMA. Now level of 380 is daily BO for this stock. So lets wait for complete BO of the trend line above the level of 380. So after the successful BO we can expect the target level of 395 -400 very easily. So add the stock in your watch list to see the price action...
I hope you can now see how the 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 favour. 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...
Place your targets and stop loss near support and resistance lines drawn.
buy above 382 in intraday for positional Target 420
ICICIBank has taken support at 340 and formed a double bottom RSI is showing uptrend. This stock is expected to reach the above target of 380 which is its upper resistance level. myTrends
Reverse entry - but enter only if CLOSING below 272.7 SL above day high TGT around 265 or lower - will update later
Buy if closing above 374.7 (15 min candle) SL: 3.5-4 Points TGT: 9-10 Points (will update)
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Thank you