Icicibanktechnicalanalysis
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
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.
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 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.
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.
ICICIBANK | CHART#13ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations.
*Stock Analysis*
-- Stock made a breakout at 490 levels. If it sustains then it can move up to 550 levels.
-- Good Volume confirmation
-- RSI Indicator above 50(on Daily chart) shows a buy sign
-- Once it touch 550 level there is a possibility of retracement up to 490 levels.
*Important Levels to Watch*
-- Entry 505
-- Target @ 545
-- SL @ 490
NOTE : Enter only if the scrip sustains 500 level next trading day.
Good Luck Investors❗
-GokulHari