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
Icicibanktechnicalanalysis
ICICIBANK - In the ZoneLike market even ICICI bank is now appears to be stuck in the zone
With 2 strong supports on the downside as 1240 & 1265-90-10
Also 2 strong resistance on the upside as 1290 & 1310
It seems stock may not come out of this zone anytime soon
Good opportunity for strangle straddle players
An extended zone of 20 points is stop loss on the both sides
ICICI Bank Negative Divergence on Weekly Charts₹₹ICICI Bank at upper trend line & every time selling seen when it comes near trend line. Also RSI showing Negative Divergences with prize. Selling below 1111 will be fast. If there will be no breakdown it may go sideways. Plz before trading study charts carefully with proper risk management & do your own research also. Thanks you
ICICIBANK | IMPORTANT LEVELSAnalyzing ICICIBank on a follower's request. ICICIBank is current trading in the resistance zone 1060 - 1030 and have multiple supports from 1000 to 970. In case it closes below 970, we can expect a fall towards 920 - 900 zone.
On the other side, above 1060 we can expect fresh buying and upper levels will be seen.
To motivate us, Please like the idea If you agree with the analysis.
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InvestPro India
ICICI Side Base for intraday 2nd JanuaryICICI is consolidate between 990-1008
Overall view of this chart:
create high near about18 December after that create a downtrend and at support area 990 it's consolidating .
If break 990 and price wait under 990 for 1-2 days then we can see a downtrend move for this stock.
If price goes up above 1008 don't create position wait for retracement . after retrace our entry will be occur.
Also we have to aware about fake breakout and breakdown.
Indicator: MACD indicate bullish divergency .( Upside move may come )
ICICIBANK Stock: A Strong Contender in the Indian Banking SectorICICIBANK, one of India's leading private sector banks, has demonstrated resilience and growth potential, making it an attractive option for investors.
TradingView chart of ICICIBANK (NSE: ICICIBANK) stock. The price is currently at INR 924.65, and the volume is at 5.645M.
Here are some key observations about the chart:
The stock has been in a consolidation phase since early August 2023.
The stock has bounced off its major support level at INR 900.00 several times in the past.
currently ICIC bank is at support level. and we we check the historical trend of the stock. this time we should go long from the support level.
The next resistance level is at INR 935.00, and I believe that the stock is likely to test this level in the coming weeks.
Tips for Trading ICICIBANK Stock:
Utilize stop-loss orders to limit potential losses.
Avoid chasing market movements and wait for pullbacks.
Exercise patience and wait for opportune entry points.
Disclaimer:
The information provided in this analysis is solely for informational purposes and should not be construed as investment advice. Investing in stocks involves inherent risks, and there is no guarantee of future returns. Before making any investment decisions, it is crucial to conduct thorough research, assess your risk tolerance, and consult with a qualified financial advisor
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 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.
ICICI Bank good shorting opportunity!!ICICI bank is a very good shorting opportunity with multiple confluences:
1) 2 consecutive breaks of structure to the downside making a LL & LH pattern twice.
2) Tapped into the volume imbalance
3) Broke trend line
With Bank nifty also at its trend line support with high probability of it breaking as it will be its 4th test(the higher the number of tests the higher probability of it breaking). ICICI bank will be a very good swing trade.
Note : All levels of stop loss & targets have been marked in the chart.