ICICI Bank cmp 1269.30 by Daily Chart viewsICICI Bank cmp 1269.30 by Daily Chart views
- Support Zone 1242 to 1257 Price band
- Support at 1231 > 1193 > 1155 with Resistance at 1299 > 1331 > ATH 1362.35
- Stock Price trailing along Rising Support Trendline with attempts to Test Retest Support Zone
- Volumes are steady and stable but need to increase for upside momentum continuity else breakdown is probable
Icicibanklong
ICICI PRU LIFE#icicipruli *
Trade type- all time high
Timeline-15 days
Target potential - 250 ruppe/19%
$ pattern - reverse head and sholder
And cup and handle with elliot wave 12345 etc..Multiple pattern see in ine
► fii/dii makes ath...
Key points-
Entry - 750
9o sl-735
Target- 999/1000/1200
U can also hold long term
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.
20 Jan ’24 — Will Quarterly results help the BankNifty bulls?BankNifty Analysis - Stance Bearish ⬇️
For some or the other reason, the 4mts & 63mts charts are not visible on TradingView. It may be due to this unscheduled working day and they might be facing issues with data feeds from vendors. We had a bearish view yesterday also and despite BN ending the day today with 357pts ~ 0.78% we are still maintaining the bearish stance.
16mts chart
A shallow support and resistance zone has formed between 45609 and 46025. The first critical support is unchanged at 45399 and the critical resistance at 47465. BankNifty was single-handedly responsible for limiting the losses on Nifty today - so we need to give due credit for that. But take a look at the chart - The fall from 48000+ levels did not just come because HDFCBK had poor results, it may be unwinding by FIIs considering the fiscal policy changes or reforms expectations for Budget 2024. So even if we have super duper results like the KOTAKs and ICICIs - we may not scale up that quickly. Honestly, we prefer if BN could reclaim the ATHs and support Nifty to crawl back into the channel. The US market hit a new ATH yesterday - SPX and the mood is euphoric.
QUICK ANALYSIS ON ICICIBANKDear Indian Traders and Investors, I made a quick analysis for you on ICICIBANK to let you know that you still can buy it since the market is following the strong support level that it couldn't break for the past 3 years, and the price will go for longer.
The comment secion is all yours for further questions!
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:)
ICICIBANK to take long entryICICI Bank is in a strong uptrend. Look on every 50 EMA stock bounce back to move upwards. Now the stock is in the consolidation phase. Once clear BO above the resistance area above 946 with SL of 935. levels of nearly 1000 can be seen soon in the coming days. We can do Pyramiding trade on every 50 EMA level touch. This is for your educational purpose only.
ICICI TO HIT 900 ZONENSE:ICICIBANK icicibank iscurrently is showing bullish trend in on major time frames and is very likely to hit 907/915 zone if it breaks and sustains above 882 on 15/30 min time frame with candle close and opening above 882,
if we get a new candle open and close above 882 and current resistance of 884/890 is broken in 1 swif move with bullish candle on 15/30 mons, then the resistance will start acting as support and push icicibank above to the 900 zone .
current support for icicibank is till 865 and if thats breached then next support will be 850/840 range zone.
ICICIBANK - Ichimoku Bullish Breakout Stock Name - Icici Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 892
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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ICICIBANK - LONG TERM - HARMONICSPotential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern. Also, potential targets on the CD retracement are marked with fib retracement plot.
Security is in a bearish trend as 20 EMA is trailing below 50 & 100 EMA on daily TF.
ICICI Bank: Because it's time to make some real moneyICICI Bank Long Buying Recommendation (With a side of humor)
Introduction:
Welcome to the most fun-filled technical analysis report you'll ever read! This report aims to provide a technical analysis of ICICI Bank stock, and a recommendation for buying the stock in the short term, with a side of humor to keep things light and entertaining. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements, and have a good laugh while doing so.
Background:
ICICI Bank is an Indian multinational banking and financial services company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders.
Analysis:
The ICICI Bank stock has been in a range-bound pattern for the past few months, like a roller coaster ride, but recent price action suggests that the stock may be breaking out, like a balloon finally being released. The stock has been trading in a range between 842.25 and 866.75, and a breakout above 866.75 could signal a short-term trend reversal, like a snake breaking out of its cage.
The technical indicators are also pointing to a potential buying opportunity, like a sign from the universe. The Relative Strength Index (RSI) has been trending higher, like a rocket taking off, and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound, like a trampoline. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, like a finish line, suggesting that the trend is gaining momentum, like a snowball rolling down a hill.
Furthermore, price action on the chart shows that the stock has reached a strong support level, like a safety net, and is showing signs of a potential reversal, like a U-turn, with bullish cand formation, like a smiley face.
Recommendation:
Based on the analysis above, we recommend buying ICICI Bank stock if it breaks 866.75 levels, with a stop loss of 842.25 and a target 1 of 891.25 and target 2 of 943.25. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds, like a boomerang.
Disclaimer:
It's essential to keep in mind that the market is highly volatile and unpredictable, like a weather forecast. Therefore, it's recommended to keep a close eye on the price action, like a hawk, and use stop loss and take-profit levels to minimize risk and maximize returns, like a superhero. It's important to conduct your own research and analysis before making any investment decisions, like a detective, and always consult a financial advisor before taking any action, like a lawyer.
Conclusion:
In conclusion, ICICI Bank stock appears to be breaking out of a range-bound pattern, like a prison break, and may be due for a short-term rebound, like a bouncing ball. Technical indicators and price action on the chart also suggest a potential trend reversal, like a mind change. Therefore, buying ICICI Bank stock if it breaks 866.75 levels with a stop loss of 842.25 and a target 1 of 891.25 and target 2 of 943.25 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term, like a time machine.