Analyzing 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.
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ICICI 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...
Bank Nifty again at important levels because of HDFC Bank & ICICI Bank. These 2 will decide in which direction this index move. I sense HDFC Bank will be in side ways or move in range till it's result. After result market will decide that merger HDFC Bank is hit or flop till than some negative & sideways move will be there. Do not forget US market also they will...
Daily Chart:- ICICI BANK is on a verge of breakout on Daily Chart . Expecting tgt of 1150 in coming days with a SL of 796. R:R is not favorable to enter longs but existing positions can definitely with trailed.
ICICI Bank give breakout of rounding bottom & then retest it. Now a new high possible if give breakout of trendline & major 960 resistance of life high. Watch carefully thanks
NSE:ICICIBANK is moving sideways on major timeframe, keep an eye on the support zone as icicibank approaches it once again, if breaks, we might see icicibank tiuching last support level and may start falling after breaking it
NSE: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...
Sell ICICIBANK if sustains below 845 for the marked targets of the chart until 880 is intact on the upside.
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ICICIBANK stock is forming head and shoulders pattern on the 15 minutes time frame. This is coming after a broadening formation which is also a bearish pattern.
That's two bearish patterns back to back. Bearish trade can be initiated upon breakdown of the H&S trendline. Measured move target: 850.
ICICIBANK has exhibited breakdown from rising wedge on weekly chart. Bulls got rejected this week, increasing the chances of breakdown.
Wedge breakdown price target zone: 843.
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...
Icicibank created a rsi divergence on weekly
It can be a good short candidate , As we all know banknifty is trying its best to move up
so it will a risky trade pls trade with a SL
Its already down around 40 points from top so a bit risky for sure
but if ur risk:reward allows you it can be considered
Imp area to look for is 890
CMP - 910-12
target is marked...
