The chart indicates a buy signal for the near term.
given that the market saw a significant consolidation rejection at the lower end
support ! @ 45600-45800
next zone: 47350–47600 aREA
Banks that may support = hdfc bank, icici bank ,
neutral: axis bank
weak: kotak bank
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...
Dear 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!
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
Daily Chart:- ICICI BANK is on a verge of breakout on Daily Chart . Expecting tgt of 1150 in coming days with a SL of 796. R:R is not favorable to enter longs but existing positions can definitely with trailed.
ICICI 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.
NSE: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...
#icicibank : Beautiful Inverse Head & Shoulder Patern Breakout
>> Breakout and retest done
>> Buy above safe entry or on every Retracement till safe entry levels in small quantites
>> Stock Ready to Fly to new levels
Keep following and sharing for more such analysis
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...
Potential 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.