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ICICIBANK

Karur Vysya: FlaG BOA bullish flag breakout has been confirmed on the weekly chart of NSE:KARURVYSYA . One can crete a fresh position at around 130 with a stop loss oof Rs. 120 fopr ther targets of rs 140/150/160......Enjoy the Moneyrain guys...... Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:KARURVYSYALong
by raigvivek
ICICI Bank Potential Bullish SignalI am bullish on ICICI Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 963. I am looking for the stock to reach a target of 1010 in the next 2-4 days. Entry: I would enter a long position on ICICI Bank above 963. I would use a stop loss of 960. Target: My target for the trade is 1010. I would exit the trade if the stock closes below 960. Risk: The risk on this trade is 40 points, or 4% of the stock's current price. Notes: This is just a trading idea and not financial advice. Please do your own research before making any investment decisions. Here are some additional factors to consider when trading ICICI Bank: The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for ICICI Bank to break out of its current trend. The news flow. Any negative news about ICICI Bank or the banking sector could weigh on the stock price. The technical indicators. The relative strength index (RSI) is currently above 60, which indicates that the stock is overbought. This could lead to a pullback in the near term. Overall, I believe that ICICI Bank is in a strong uptrend and that the stock has the potential to reach 1010 in the next 2-4 days. However, investors should carefully consider the risks before making any investment decisions
NSE:ICICIBANKLong
by TRADING-NASA
10 Aug ’23 Post Mortem on BankNifty RBI hikes CRR by 10%BankNifty Weekly Analysis Between the last expiry and today, banknifty has fallen 34pts ~ 0.08% (flattish). Compare this to Nifty which rose 0.8%. In our markets banks are the leading indicator, whereas in the US its the non-banks. That is why professionals look up to banknifty in India and Nasdaq in the US as leading indicators of trends. BankNifty Today’s Analysis We had a gap down opening and traded with no special punch till 10.00. The RBI Governor first announced the status quo on the repo rate of 6.5%. With the prices of food, groceries spiking, I think he made a bold move to keep the interest rate unchanged. This really excited the banks and we started to rally and took out the intraday high of yesterday. The next 2 announcements tanked the markets, first he revised the inflation forecast for the current year to 5.4% (more pain to the poor). And then he announced a 10% hike in the cash reserve ratio that needs to be maintained by the banks (temporarily). Read the full minutes - click here. The best way to control inflation is to reduce the liquidity in the markets, a higher CRR will do that - but is it more effective than increasing the repo rate only time will tell. The surprise announcement of withdrawal of Rs2000 notes would have added more liquidity into the system and most of these funds would have found their way into the financial markets (equity or debt). Banks may have to reassess their cash levels to maintain this additional 10% cash with RBI. It will be prudent to hear from HDFCBK, ICICIBK and SBIN on the impact (maybe we can expect a news/event in 1 week). If you look at the 5mts chart, the fall of 499pts ~ 1.11% stands out. What is more dramatic is the low point went below yesterday’s swing-low unlike Nifty50. And the further price action was negative unlike flattish for Nifty50. Credits to the bulls who held the ground pretty well even with so much of news/event and historically bubble style valuations. Or it could be because the bigger bears are still hibernating. Dont be confused with a lot of trend lines. The blue one was there from yesterday, the orange line I drew today, because I felt the blue trend line may be too steep and misleading. What if the gap-up on 27th July was just a blip? If yes, the orange trend line that touches the close of 26th July should be more accurate. The green highlight shows the double top as well as the H&S pattern in a falling market and respecting the trendlines. I wish to change by stance to 100% bearish for tomorrow.
NSE:BANKNIFTYShort
by viswaram
Banknifty ( Mostly Bullish ); Intraday.Banknifty . Enter once after " Breakout and Retracement ". . . For " long " entry: 45410 target: 45575 - 45760 stoploss: 45200 . . For " Short" entry: 45230 target: 45020 - 4487 stoploss: 45350 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹. Refer our old ideas for accuracy rate🧑‍💻. Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:BANKNIFTY
by TheNuraTrading
25 Jul ’23 Post Mortem on BankNifty - Start of a bearish trend?Banknifty’s movement today has given a slight hope for the bears to sharpen their claws. Primarily it breached the 45850-45830 levels thrice today in the 5mts candle. I did mention in the report yesterday that I wish to go short if the 45830 levels are taken out. The reversal of 308pts from 13.40 to 14.55 would have tested the bear’s conviction level, but the price action if read as a whole is much more encouraging. In fact banknifty fell 1.15% ~ 532pts and the recovery was only 0.68%~ 308pts (A bit less than the 61.8% Fibonacci levels). Whereas Nifty50 and FinNifty recovered almost 90%. Nifty was already in a bearish trend, so the move on banknifty is definitely suggesting further reinforcements towards the south direction. HDFCBK was putting up a rocky vs apollo creed fight today, untiring & unbeatable. This lone wolf was responsible for preventing deep cuts. ICICI Bank was toggling between green and red and finally settled in green. Axis bank had a good recovery in the 13.40 to 14.55 period - but still ended in red. And Kotak was just continuing from the trend yesterday. I would prefer to go short on banknifty unless the 46000 level is taken out with momentum. ... Please comment with your feedback & suggestions - I will use that to improve my services! viswaram. com
NSE:BANKNIFTYShort
by viswaram
2
ICICI Bank- 3rd attempt to cross 960, will it succeed?960 is upon us again. ICICI Bank has a number of factors lined up this time. However there is one missing piece that i would like to see fall into place to confirm this breakout Several breakouts in ICICI Bank have failed in the last 12 months. This time maybe different Other banks like Axis, PNB are moving strongly, so a move in ICICI Bank was expected The sellers at 960 may have been cleared last time when we came up in June. Then the stock was overbought - this time it isnt Results on the 22nd of July - this maybe a classic earnings run by people who know Overhead supply this time is far less - and hence pull to 970 is likely. Dont buy the break, but wait for the retest of the high to buy it in the safest possible way Additionally call premiums are very low - they are discounting results. So basically get a free hit on the results:)
NSE:ICICIBANKLong
by kunal_finner
9
ICICI Bank set to Dethrone HDFC Bank!Attached: ICICIBANK/ HDFCBANK Weekly Chart as of 5th May 2023 The above Ratio Chart is Significantly Bullish and suggests that in the coming Weeks/ Months you will see Money flow from HDFC Bank to ICICI Bank (which means ICICI Bank will relatively Outperform HDFC Bank and you are better off going own ICICI Bank instead of HDFC Bank) Bullish Evidence as follows: - Massive Inverted Head & Shoulder Bottom Pattern has formed implying Upside for the Chart - RSI in a Bullish regime since October 2017 - The RSI Bullish Divergence that started in October 2017 also marked a Trend Reversal point for the Chart, prior to which the Trend was Down - Higher Highs and Higher Lows clearly point to an Up Trend in this Ratio Chart - Fundamental Analysis of ICICI Bank too is confirming with this Chart As an Investor, you are better off Owning ICICI Bank and Dumping HDFC Bank And as a Trader, Long ICICI Bank NSE:ICICIBANK and Short HDFC Bank NSE:HDFCBANK makes for a Highly Profitable Pair Trade
NSE:ICICIBANKLong
by T_Harth