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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.
ICICI Bank Upside Movement Long TermLong @560
Target 1: 615
Target 2: 690
Stop Loss: 525
There may come a correction to lower levels first and then the longing opportunity may come, wait for 560 levels.
Decreasing Volume indicates the possibility of a decent short as well but does not seem a big threat.
Note: The post is only for education purposes.
ICICI Bank Upside Movement ExpectedICICI Bank:
1. LONG expected in the coming week. (28-31 December)
2. LONG above 515 (Weak Resistance at 517, Strong Resistance at 527. Weak Support at 509, Strong Support at 501.
3. 515 tested multiple times today, could not show break-out due to bearish trend in BANKNIFTY in the last session.
4. Gap Up opening expected on 18th dependent on Global Cues, SGX Nifty and BANKNIFTY opening.
5. 527 test expected in the upcoming week.
6. Please keep on looking at BANKNIFTY for confirmations.
7. Trade Taken: Bought ICICI BANK 520 CE (31st December Expiry @5.55, Last Trading Price: 4.6, Target 1: 7.2, Target 2: 12++)
NOTES:
KINDLY LIKE IF YOU BELIEVE ICICI BANK WILL GO LONG.
COMMENT FOR ANY SUGGESTIONS/OPPOSITE VIEWS.
POST ONLY FOR LEARNING PURPOSES.
HAPPY HOLIDAYS :)
ICICI Bank Trade Plan for 05 NovemberAs expected in Trading plan for 4th november, ICICI bank took support at 427 level. One could have taken long at 433 and added extra at 427 level. ICICI bank closed at 437. below are the trade plans for 5th November.
1. Positional long should be carried with SL of 425 with target of 455/468. Wait for dip towards 433 level and go long with SL of 425.
2. Any dip towards 433/427 is buy with SL of 425 for target open or same as positional long target for intraday.
3. Shorts should only be initiated only if 425 is broken with SL of 428 for target of 419.
ICICI Bank Trade Plan for 04 NovemberFinally on 3rd November, ICICI bank gave breakout on upside after breaking 427 level and huge volume. One could have taken long after first 30 min candle itself. Now this 427 level should act as good support. Below are trade plans for 4th November.
1. Positional long should be carried with SL of 425 with target of 455/468. Wait for dip towards 433 level and go long with SL of 425.
2. Shorts should only be initiated only if 425 is broken with SL of 428 for target of 419. This is very unlikely as breakout is with heavy volume.
Tomorrow is US election day. Anything can happen. Go with less position size.
ICICI Bank Trade Plan for 29th OctoberOn 28th October, ICICI bank opened near 410 level which is a key resistance level. It never tried to break that and went down to close at 396. Here are the trade plans for ICICI bank on 29th October.
1. Open below 393.5 is a good shorting opportunity with SL of 395.5 for a target of 389.6
2. Sustaining below 389 is positional bearish move for ICICI bank. Trade with SL of 391 for target of 381 .
3. Longs can only be initiated only above 411 with SL of 409 for 415 target.
Tomorrow is Monthly expiry and market is highly volatile. Trade according to your plan.
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.
ICICI BANK Trading idea and analysisDisclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!!
If the price is unable to take out the red zone in 1hr & 4hr time frame then it will consolidate in between the red and green zones.
If overall market sentiments are negative & do not sustain the green zone then it will fall to the redline.
ICICI Bank is a portfolio stock and investor can buy it on every dip, in every fall of price to invest in it for the long term.
If you earn from my ideas, kindly consider donating small part of your profits to those in need.
ThankYou!
ICICI BANK (SHORTTarget 1 326.50
Target 2 302.35
Target 3 295.80
(If it Breaks and Sustain below)
Than Next Target is 261.05
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Disclaimer: I am not SEBI Registered, before taking any positions to contact your financial advisor,
I am not responsible for any Profits or Losses, whatever Iam providing here is the purely
educational and informational point of view