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ICICIBANK

State Bank of India for 40% gainsDate: 4 Nov’24 Symbol: SBIN Timeframe: Weekly SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends). Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%). Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein. Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
NSE:SBINLong
by DhandhaPaani
1
Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank 📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services 📍Profit Growth: 5.3% increase in net profit for the last quarter 📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months 📍Market Position: High market cap and favorable investor sentiment 2️⃣Technical Analysis ⭕️Support around ₹1,500; important for maintaining upward momentum. ⭕️Breakout above ₹1,700 for potential buy signals. ⭕️Moving averages indicate bullish momentum. ⭕️Overbought territory suggests potential short-term corrections. ⚠️Conclusion Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility. ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:HDFCBANK
by ReviveTraders
25th Oct 2024 - IndusInd lower circuit, ICICI Bank will save us?BankNifty Stance Bearish ️⬇️ BN has fallen only 2.46% ~ 1283 points and is much better than Nifty on a relative basis. IndusInd Bank took a huge beating on Friday as it fell ~ 18.63% due to poor quarterly results. Indian stock markets are not used to such wild reactions, but if our markets start punishing stocks for bad results, I guess it is much better for the future. Ideally, such reactions on stock prices will keep the management on their toes to avoid poor results thereby helping them put in the necessary hard work to achieve the desired results. ICICI Bank will react to its results today, since we are in a bearish hold, would like to see if Sell on Rise is applicable on this scrip. The main point to consider is that ICICI has more than 27% weightage on BankNifty and is single handedly capable of bringing out BN from the Bear hold. 51101 is my first resistance level above which I will change the stance to neutral. For real bearish momentum to pick up, we need to fall below 49704.
NSE:BANKNIFTYShort
by viswaram
ICICI Bank & M_M See Significant Open Interest GrowthICICI Bank The current stock price is navigating through an ascending parallel channel, demonstrating a strong upward trend characterized by a series of higher highs and higher lows. Recently, the price has successfully breached the upper boundary of the parallel channel and is attempting to maintain its position above this breakout level. A significant rise in future open interest—approximately 27%—has been observed for this stock. This increase in both the stock price and future open interest suggests that major investors are optimistic regarding this stock. As long as the price stays above the 1300 level, the overall sentiment is expected to remain positive. Mahindra & Mahindra The stock is experiencing a robust upward trend, consistently achieving higher highs and higher lows. During this upward movement, the price has formed a bullish Pole & Flag pattern. Recently, following a notable breakout accompanied by substantial trading volume, the stock has reached its all-time high. Additionally, there has been a significant increase in future open interest, which has risen by nearly 16%. This growth in both the stock price and future open interest indicates that major investors are confident about this stock.
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NSE:ICICIBANKLong
by GoodluckCapital
3
ICICI Bank Ltd - Cup and Handle -DailyThe chart you've shared appears to represent a daily price chart of **ICICI Bank Ltd.**, with several technical patterns and annotations, primarily focusing on a **Cup and Handle** formation. Here’s a breakdown of key components and analysis: ### **Cup and Handle Pattern**: - This is a bullish continuation pattern, indicating the potential for further upward movement. - The "cup" part is formed when the price dips and then recovers, creating a "U" shape. The "handle" forms as a small consolidation after the cup, before a breakout to the upside. ### **Support and Resistance Levels**: - **Neckline (1249 INR)**: This level is marked as the breakout point of the Cup and Handle pattern. The price has broken above this neckline, confirming the bullish pattern. - **High (1272.25 INR)**: This is the most recent high at which the price is trading. - **Potential Target (1342 INR)**: The chart suggests that the price can test this level based on the measured move from the height of the Cup and Handle pattern. - **Volume**: The volume bars at the bottom of the chart show that there was an increase in volume as the price broke above the neckline, supporting the breakout. Trend Channels: - The yellow parallel trendlines show an ascending price channel, indicating that the stock has been in a bullish trend for a while. The price appears to be respecting these lines as dynamic support and resistance. ### **Measured Move**: - There are vertical lines drawn from the neckline to the top of the cup, showing a measured move of **94.20 INR**, or an 8.17% gain, which projects a target of 1342 INR. ### **Volume Analysis**: - The chart shows a spike in volume recently, which is crucial in confirming the breakout from the Cup and Handle pattern. Strong volume usually accompanies valid breakouts. ### **Summary**: - The chart is bullish overall, with the price breaking out from the Cup and Handle pattern. - The measured move suggests a price target of **1342 INR**. - The breakout is confirmed by volume, and the ascending channel suggests the continuation of an uptrend. - As long as the stock stays above the neckline and within the upward channel, the bullish outlook remains intact. This could be a good opportunity for bullish traders if the price sustains its position above the neckline level of 1249 INR.
NSE:ICICIBANKLong
by VCharts_TA
ICICIBANK // Levels // 15 min"Welcome to SkyTradingZone " Hello Everyone 👋 Support: Strong Financial Base: ICICI Bank’s solid balance sheet, including healthy asset quality and capital adequacy ratios, provides financial support during economic fluctuations. Diversified Revenue Streams: Revenue from retail, corporate, and investment banking reduces reliance on any single segment, offering stability. Resistance: Credit Risk Exposure: High levels of non-performing assets (NPAs) or potential loan defaults can act as resistance to financial stability and profitability. Economic Downturns: Broader economic slowdowns or financial crises can negatively impact financial performance and increase risks. Resistance Levels: R1: ₹1,245.82 R2: ₹1,259.55 R3: ₹1,275.00 Support Levels: S1: ₹1,230.00 S2: ₹1,215.00 S3: ₹1,200.00
NSE:ICICIBANK
by SkyTradingZone
support and resistance levels for ICICI Bank# we mark Support and Resistance on the charts so you can check.. Pivot: ₹1,208.15 First resistance: ₹1,226.37 Second resistance: ₹1,244.58 Third resistance: ₹1,255.27 Daily support levels: ₹1,098.73, ₹1,091.82, ₹1,084.18 Daily resistance levels: ₹1,113.28, ₹1,120.92, ₹1,127.83 Support and resistance levels are price chart levels that appear to limit the market's range of movement. The support level is where the price stops falling and bounces back up, while the resistance level is where the price stops rising and dips back down.
NSE:ICICIBANKLong
by EmpireCrown
ICICI Prudential Life Insurance Company Limited (ICICIPRULI) Overview ICICI Prudential Life Insurance Company Limited (NSE: ICICIPRULI) is currently navigating through an ascending channel, as shown in the 3-hour chart. It’s like watching a circus performer carefully walk a tightrope – thrilling, but you never know which way it will go! Technical Pattern: Ascending Channel The price action of ICICIPRULI has been steadily climbing within the confines of an ascending channel. This pattern is characterized by higher highs and higher lows, creating a channel where the price is currently dancing near the upper boundary. Channel Resistance: The upper boundary, currently acting as resistance, is approximately near ₹770-₹775. Channel Support: The lower boundary, providing support, is hovering around ₹735-₹740. Current Price: ₹768.00 (as of the last candle close) Volume: 97.709K – indicating moderate trading activity, almost like the audience holding their breath as they watch the performer’s next move. Price Action Analysis ICICIPRULI’s price has recently tested the upper boundary of the ascending channel, but couldn’t muster the strength to break out. This is like trying to reach the top shelf without a stool – so close, yet so far! The price has pulled back slightly, hinting at a potential consolidation before the next big move. What to Watch For Breakout or Breakdown?: The key question is whether ICICIPRULI will break above the channel's resistance or succumb to the support line. A breakout could lead to a bullish run, while a breakdown might see the stock tumble towards lower levels. Volume Confirmation: Watch the volume closely. A breakout with strong volume could confirm the move. On the other hand, if the price breaks down with increased volume, it could signal a bearish shift. RSI and Other Indicators: Keep an eye on RSI and other momentum indicators to gauge the strength of the current trend. Possible Scenarios Bullish Scenario: If ICICIPRULI breaks above the channel resistance with significant volume, it could head towards the next resistance levels around ₹800-₹810. Bearish Scenario: If the stock fails to hold the channel support and breaks down, we could see a pullback towards ₹735 or even lower. Conclusion ICICI Prudential Life Insurance Company Limited is at a critical juncture, much like that tightrope walker deciding whether to step forward or retreat. While the ascending channel provides a structured path, the real question is – will the stock perform a grand finale with a breakout, or take a cautious step back? Stay tuned, and remember to enjoy the show while keeping an eye on those risk management strategies!
NSE:ICICIPRULI
by TRADING-NASA
ICICIBANK 30Min levels (S/R)# we mark Support and Resistance on the charts so you can check.. Identify Support Levels Definition: Support levels are price points where the stock has historically had difficulty falling below, as buying interest tends to increase at these levels. Steps to Identify: Historical Lows: Look for recent low points on the chart where the price has bounced back up. Horizontal Lines: Draw horizontal lines at these low points to mark potential support levels. Recent Data: Check if the price has recently touched or approached these levels and whether it reversed direction. 3. Identify Resistance Levels Definition: Resistance levels are price points where the stock has historically had difficulty rising above, as selling interest tends to increase at these levels. Steps to Identify: Historical Highs: Look for recent high points on the chart where the price has reversed downwards. Horizontal Lines: Draw horizontal lines at these high points to mark potential resistance levels. Recent Data: Check if the price has recently touched or approached these levels and whether it reversed direction.
NSE:ICICIBANK
by EmpireCrown
ICICIBANK levels 4H (S/R)we mark Support and Resistance on the charts so you can check.. To analyze ICICI Bank on a 4-hour (4H) chart, you can focus on several technical aspects to identify key levels and potential trading opportunities. Here's a breakdown of what to look for: 1. Support and Resistance Levels Support Levels: These are price levels where the stock tends to stop falling and might reverse upwards. On a 4-hour chart, identify previous lows or price levels where buying interest has emerged. Resistance Levels: These are price levels where the stock tends to face selling pressure and might reverse downwards. Look for previous highs or areas where selling pressure has increased.
NSE:ICICIBANKLong
by EmpireCrown
BAJFINANCE Levels // 45 MinHello Everyone 👋 Overview: Bajaj Finance Ltd. operates as a non-banking financial company. It offers consumer finance, SME finance, commercial lending, and investment services. The company was founded on March 25, 1987, and is headquartered in Pune, India. Stock Performance: 1 day: +0.63% 5 days: +1.97% 1 month: +1.55% 6 months: +3.14% Year to date: -7.61% 1 year: -4.73% 5 years: +102.41% Key Stats: Market capitalization: ₹4.17 trillion Dividend yield (indicated): 0.53% Price-to-earnings ratio (TTM): 27.80 Basic EPS (TTM): ₹243.30 Net income (FY): ₹144.51 billion Revenue (FY): ₹541.00 billion Technical Analysis: Bajaj Finance has been in a falling channel but recently showed a breakout above the channel. Consider monitoring the stock closely for further price movements.
NSE:BAJFINANCELong
by SkyTradingZone