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Icicibanklong

Simple Trade Setup | ICICIBANK | 18-08-2021NSE:ICICIBANK Observations: 1) On Daily Time frame it has taken support from 692 range which is critical level. As it was working as resistance before. 2) On Daily Time Frame it is trading above 21DMA and 50DMA. 21DMA is above 50DMA. Please refer Chart below: daily time frame. 3) On 1hour time frame it has formed double bottom pattern. And also took support from 692 level and Trendline -1. 705 level look critical to watch out. Please refer chart below: 1 hour time frame. Trade Setup for Date 18-08-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow. Hope I made it easy to understand it. My personal view is bullish in it. Do comment your doubt or suggestion.
NSE:ICICIBANK
by Trading_hawk
3
ICICI bank - Triangle breakout🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:ICICIBANKLong
by PrakWorld_Traders
6
ICICIBANK ready to breakout? Yes, all targets reached.Please check out my idea previously posted on 02-07-21. All targets reached. Please like and follow if you like my ideas. Thankyou. :) ICICI BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. It may break out of the pattern soon. A long trade can be initiated on the daily timeframe . LONG ABOVE : 641.35 SL : 632.25 TGT 1 : 650.45 TGT 2 : 659.55 All explanation and levels marked on chart.
NSE:ICICIBANKLong
by Tradeception_