Banknifty has been a major underperformer in the current market. This is majorly due to the heavy weights such as HDFC Bank, ICICI Bank, Kotak and Axis Bank not moving higher in a sustainable way and hence they correct 70-80% after a small rally. ICICI is a great candidate for a short term trade. Overall structure for ICICI Bank is looking bullish with 6 wide...
ICICI Bank is attempting to breakout from ascending channel from demand zone, go long above previous day high with SL below demand zone.
The price took support of the Ichimoku cloud at 358+. The future cloud is in green. The MACD is in green. The momentum is at 21 which is positive sign. Resistance Levels: It might see 1st resistance at 379.45. 2nd level resistance is at 392.45. Support Level is at 339.10.
I hope you can now see how ICICIBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
I hope you can now see how ICICIBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
I am expecting it to be above 370 tomorrow. There's Inside candle set-up on Daily and a triangle on 1 Hour TF. Looks like a high probability trade.
Long ICICI BANK near at cmp. Keep SL below 337 on daily closing basis. Targets 362/372/392 Consider this for swing trade. All trendlines are drawn on charts.
ICICI BANK - 4-hour chart bullish pattern - alt shark bullish as per charts
Note: This is for educational purpose only. There seems to be a build up near resistance which indicates strong buying pressure coming up. RSI above 60 further adds to the indication of bullish momentum.
Buy if closing above 374.7 (15 min candle) SL: 3.5-4 Points TGT: 9-10 Points (will update)
Buy not triggered yet. If breached above 365. Target 1- 405-410 Target 2 - 435-445
ICICI BANK is trading sideways in higher time frame
Hi Traders, 1. A few weeks ago I mentioned in this stock showing variation of harami pattern which took its price to the upside but not at the blue zone as a target. What I wrote is quoting for your consideration " In the last post of this scrip I mentioned is quoting "in hdfc little confident to go upside but here this gives me an edge over hdfc...