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Icicibanktechnicalanalysis

ICICI BANK: Correction Ahead Indicator Analysis: Prices were trading in an uptrend making higher highs and higher lows posting a high of INR 936.65 on 15'Sep'22 and subsequently retreated back on the same day forming a Hammer Candlestick pattern. Post that prices witnessed a selling pressure and broken the rising trend line established from Jun'22 low of INR 699.95 and currently trading below its 13-Day and 40-Day exponential moving average. The momentum oscillator Stochastic (13,8,5) has given an negative crossover and turned bearish while RSI (14) hovering around its 40-region. Based on these observations prices are likely to hold below 900 region and continue the correction towards INR 800 and INR 775 (where 200-Day exp-moving average is also placed) in the coming 2-3 weeks. Elliott Wave Scenario : Prices have concluded a five wave impulsive structure at INR 936.65 from Jun'22 low of INR 699.95 and subsequently undergone into a corrective structure trading below Fibonacci 23.6% retracement level. As per the current structure prices are likely to fall in a three wave corrective structure towards INR 800/770 which is also a Fibonacci 61.8% retracement level of the prior rally. Hence, any recovery from the current level is likely to hold below INR 900 and lead the prices for downside correction towards INR 800 and INR 775 in the coming 2 to 3 weeks.
NSE:ICICIBANKShort
by TradingSutra
8
Simple Trade Setup | ICICIBANK | 30-05-2022 [INTRADAY]NSE:ICICIBANK Observations: 1) On 1 day time frame, it is just near 200MA. 200MA is placed in 740 level range. Please refer below chart : 1 day time frame. Also on 1 day time frame, we can see the importance of 740 level. Also we can see resistance trendline. Please refer below chart : 1 day time frame. 2) On 15min Time frame, we can see a rounding bottom pattern. If has to sustain above 740 to get it activated but the next hurdle for it is that resistance trendline. Please refer below chart : 15min time frame. Also a support channel is there on 15min TF. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 30-05-2022 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 exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ICICIBANK
by Trading_hawk
Simple Trade Setup | ICICIBANK | 16-05-2022 [INTRADAY]NSE:ICICIBANK Observations: 1) On 1day time frame, it near critical support zone of 670-675 range. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 16-05-2022 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 exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ICICIBANK
by Trading_hawk
ICICI BANK TRADING IDEA Q4 2022 ResultsNSE:ICICIBANK Candle Pattern Form on Weekly Closing is Shooting Star at the top ( A Bearish Candle) indicating trend reversal. A Death Cross was also formed on 12th April when DMA 44 crossed below DMA 200. There is a Gap between 778 to 788... which is offering resistance! Due to Good Q4 2022 Results, the Stock is likely to open GAP UP on Monday, April 25, 2022. However, analysing the Futures Open Interest data its observed that there is a short build up. Option OI suggests that heavy Call Writing has been done from 780 onwards... 800 has the highest CALL OI... So 800 will be a Strong Resistance. Also Maximum Puts have been written at 700 level, so 700 is a good support. These two levels may be respected at least till this month Expiry April 28, 2022. Overall its prudent not to enter at 770 above level unless it crosses the resistance... else it may be a Trap for the Bulls!
NSE:ICICIBANK
by ka4mic
3
ICICIBANKICICIBANK has broken above the swing high today and it is on the verge of closing above RK's short stop loss line, this can possibly lead to the next step of up move. Also macd and other indicators are also suggesting same scenarios, As per wave counts, minor degree wave iii can possibly unfold at 777 and more, On the way down 694.50 level would be support to watch out for forthcoming trading sessions. rk buy signal in daily and also close above rk SL line macd in weekly converging macd in daily positive rsi in daily uptick along with double breakout dmi adx converging towards positive Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:ICICIBANKLong
by RK_Chaarts