ICICI Bank LtdICICIBANK - The stock has been rising wedge pattern for the last one year and now Cup with handle pattern breakout, concentrate if the price is sustaining above 1270
with targets of 1300 and 1330
Search in ideas for "ICICI"
icici bank trade setup icicibank working on a new strategy
on that basis target comes exactly at 719.55
lets see if works or not
ICICIBANK ANALYSIS BY DHANUSHKUMAR MICICI BANK LOOKS VERY BULLISH BUT IN 1HR TIME FRAME MARKET LOOKS BEARISH TARGET WILL BE 615.00
ICICIBANK LONG SIDE ICICIBANK now it is in perfect trend trading tomorrow buy when 30 min macd gives buy signal . with target 1 488 . if market open with small gap up or nearly flat then take trade then only avoid if it open if opened big gap up and tomorrow thursday so please take equity only volitility will be high wait for indication . if look market looks bullish then best time to short 470 pe short
ICICIBANK may breakout its strong resistance in this rally seasoIcici bank is near its strongest fib resistance, which it failed to breakout previous 4 time.
This time it is expected to breakout, keep watching for breakout and go long for 405-410 target
Icici Bank ViewIcicibank may test 460 & above levels, given the support at trend line is respected... if breached & sustained below we may see 410 & below levels
ICICIBANK BreakoutICICI BANK is retesting its retesting its recent swing low.
After a leg up, it crashed sharply and currently is in the breakdown/reversal Zone.
ICICI Bank Target 1170ICICI has done very good re test and consolidation and moving up strong with good value buying and indicating good bullish trend and 1170 could be easy in few days.
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible.
To monitor:
The exponential moving averages 50 (in pink) around 991 ,
and the exponential moving average 200(in white) around 793.
A possible Double Top is detected.
+ there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying!
So a bearish return is possible
Be safe!
ICICI - Higher base formationICICI bank is forming a higher base formation on daily tf after correction from top, very similar structure to what it was forming during June correction ... recent swing low can act as strong support and it may provide a push to BNF, what it is looking for from quite some days
ICICI Bank LongICICI bank looking good at cmp. It is trading near support. good for long & short term. Target new high- 900.
Icici Bank Bullish harmonicIcici Bank may have formed dragon harmonic pattern..
Can buy near 970 cmp for targets of 995 & if exceeds for 1047 with stop loss at 958 or 950 as per you risk management..
ICICI Bank Ltd - Aiming for 4 Digit in India.ICICI Bank Ltd - One of the largest private sector bank. Profit increasing on each quarter and last 2 years. Decreased provision in last year. Stock near it's 52 week high. Stock is shrinking between it's multiple year long trending resistance and support lines. Stock looking good and a sharp move can be expected at any time.
Icici Bank chart studyIcici bank spot cmp :- 927
Study :- Harmonic Patterns
Time frame :- Daily
Pattern Type :- Bearish Bat pattern.
Details :- AB leg can retrace between 38.2% – 50% of XA leg.
BC leg can retrace between 38.2% – 88.6% of AB leg.
CD leg can retrace up to 88.6% of XA leg.
PRZ :- 940-950
Pattern violation :- 958 (closing basis)
Reversal confirmation :- Bearish pin bar candle formation.
Keep watch.
ICICI bank ShortIcici Bank correction can continue if doesn't gets above 896 zone..
Downfall can be big till 800 730 630 levels..
ICICI Bank: Is it a good Buy now...???ICICI Bank
Every thing explained in chart itself.
Just to reiterate
- 868-888 may act as resistance zone
- Minor support at 835-840
- If that is taken out then downside possibility opens up once again for sub 800 odd levels
Given the setup one may consider to go for a Bear Call Spread strategy for Feb series
Sell 880 Call option
Buy 920 Call option
Profit potential of 11.6% on Margin requirement. Risk of rise up to 888 is taken care of by the strategy.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ICICI BANK short term target 860 ICICI Bank short term target 860 for FEB MONTH options
From the Day chart , it should bounce back to 860 level and opportunity to buy CE for feb month expiry with Strict SL
ICICI BANKICICI BANK
Head and Shoulder Pattern Looks Bearish below 850
This chart is only for educational purpose, do your own analysis before taking any trade
ICICI BANK - DAY CHART - 22.01.2023 - BAHAVAN CAPITALICICI BANK as per day chart analysis
Stock ABOVE 880 TARGET 886
Happy Profitable Trading to All...
ICICI BANK - DAY CHART - 14.01.2023 - BAHAVAN CAPITALICICI BANK as per Day Chart analysis
Stock ABOVE 880 TARGET 886
Wishing you a Very Happy Pongal....
