ICICIBANK LONG.ICICI BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback.
A long trade can be initiated on the daily timeframe .
LONG ABOVE :646.2
SL : 636
TGT 1 : 656.4
TGT 2 : 666.6
All explanation and levels marked on chart.
Icicibanklong
ICICIBANK Possible Reversal.The resistance zone has been quite strong for icici bank, can possibly act as support now after breaking out.
If the formation of double bottom is completed and it breaks the trendline, high probability of reversal.
The levels of 630-635 are being defended by the buyers.
It is a confluence of multiple supports coming in.
The breakout if happens should nullify the formation of lower highs and lower lows.
Keep a close watch.
NSE:ICICIBANK
ICICIBANK to take long entryNow buy Above the BO of conflux area resistance level & TL. Buy above the closing price of the BO @ 645 Target 675 SL 632. Another way of trading to ride massive ride , book half qty at 675 & trail the SL . Stock expected to touch the level of 700 soon. This is for your educational purpose only.
ICICIBANK INVERTED HEAD AND SHOULDER PATTERNI SEE ON 1 DAY ICICIBANK CHART THERE IS AN INVERTED HEAD AND SHOULDER PATTERN AND THE PRICE ACTION IS UP SIDE THE TREND IS BULLISH.
MY TARGET IS = 690, AND 740.
HERE I USE A 20 EXPONENTIAL MOVING AVERAGES WHICH DECIDES THE RIDING TRADE. IN THE BULL MARKET.
ICICI BANK Slightly BullishICICI BANK has formed a higher high but the RSI was same as the previous High.
According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears.
I am not 100% sure about it but let me know what you think about it.
ICICI Prudential Is going to the moon!!Hello!! Traders I am publishing for first time so please ignore my small mistakes.
So, now let’s talk about icici prudential this stock is fundamentally very strong .Also Due to 2nd wave of corona demand of health insurance has increased ,People are now became more aware about their insurance related benefits and planning to secure their future. So, if we use our common sense icici prudential will definitely going to boom in future.
Now let’s talk about Technical Aspects: -
It has broken it’s most crucial resistance level which it was trying to break since .After breaking it it has formed it’s new all time high . It has also cut ema 200 From down side on daily time frame which is again a bullish signal .Volumes are also supporting this trend .So it is a good pick to earn profit in this tough corona time .
ICIC Bank 04-03-2021 Trendline BreakoutIm Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
ICICI BANK Indraday callEntry : 633
Stop Loss : 631
Target : 635/637
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlesticks psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives better reward. And always trial stop loss to take full target..