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Icicibanktechnicalanalysis

ICICIBANK SHORTI 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 . Thank You Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:ICICIBANKShort
by EntryandExit
ICICI BANK SHOWING WEEKNESS IS IT TRUE OR TRAP ? SEE YOURSELF !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 ." See how price moves changes sentiments in two days. In part -1 post I shared perfect harami pattern activated but in this scrip, it is a variation of harami which is not activated . last Saturday I was bullish on Icici but in two days scenario gets changed. But it does not mean that this stock fulfilled my condition of going down. Till red solid line is not taken out on 2hrs time frame chances price can move up. I will be a little more confident when the upper yellow line is taken out in 1 hr time frame with the first target of upper red solid line and that is also taken out on 1 hr time frame then blue zone lower band." . You can see every word of June 16 post was seen manifested in this stock. As soon as a yellow dotted line in upside crossed it gave good rally to the recent upswing. In the condition I wrote, I am not bearish the same seen last week. There are more than 168+ post Go and search in any post I dropped my consistency of catching sentiments with the market. 2. As soon as the condition fulfills any side price complete its target. On the other side, conditions fail then save you from a big loss. This is how trading can be done. To understand my conditions base I write for new readers and followers. " Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. " 3. To understand the current fig . with the previous update compare below fig. with the above current one. 4. In the current fig. I circled two patterns in different colors showing two same sentiments but from different perspectives. The green circle shows an evening star pattern that was tested the same red resistance and gave a good short move to the lower red band of this range. Where the harami pattern was made with a variation discussed in the last post. And gave upside move to swing high. There it formed a bearish engulfing pattern but with a long bearish candle which I feel is not a perfect pattern even not activated till yet. So I feel not work effectively till price breaks the lower red solid line. 5. It may possible that the price will show jerk to the downside and may recover in 1 to 2 hours. On the contrary, If the price takes out a lower sold line in 4 hr time frame then the trend will reverse to the downside with the target of the white upper end to the lower zone. Three arrows showing different conditions upper green means upper condition gets activated, median green means red zone condition not activated and a red arrow means lower zone gets activated. The rest price will decide. YOGESH VATS Disclaimer:- All positions should be taken from consulting your financial planner. This is pure educational proposes only.
NSE:ICICIBANK
by yvatsji
2
ICICI BANK & HDFC HAVING SAME STRUCTURE BUT THIS LOOK GOOD SEE !Hi Traders / Investor , Recently I posted hdfc bank analysis here Icici bank having same pattern that is an evening star and behaved same but in hdfc little confident to go up side target but here this gives me edge over hdfc. Both are in accumulating process . The behavior of price formation is same but effect would be different that is I feel May be I wrong this time will tell. I circled same pattern in white. I will not discuss about this pattern already discussed in hdfc post. For Monday price comes in yellow dotted range and sustains there or take out this yellow dotted band up then one should go long with the sl of lower band of yellow zone with the target of blue zone lower band. This would be positional trade. Entry at right time is important. If risk reward ration do not match then leave it for trading. In any case low of Friday is breached and price do not come back in 30 mins then trend will change to down. investors should wait when price come back from blue zone then think over to invest that i will share in next week. Til then lat price do whatever in upside. YOGESH VATS Note. All trading and investing should be done with consulting your financial planner.
NSE:ICICIBANKLong
by yvatsji
15