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ICICI Bank: Chart set up and trading strategyICICI Bank
The stock is trading near resistance at 936-944 zone
Given the set up, one may consider a Bear Call Spread strategy for December series
Sell 940 Call option (currently around 13.4 &
Buy 960 Call option currently around 6.1
The strategy has a max profit potential of approximately Rs 10037.5/- per strategy and a yield potential of approximately 13.5% on Margin
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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 - DAILY CHART - 08.12.2022 - BAHAVAN CAPITALICICI BANK as per day Chart Analysis Stock ABOVE 933 TARGET 940
FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week.
Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement.
Happy Profitable trading to all...
ICICI BANK TARGET ATH ICICI BANK this stock visible surely in uptrend although waiting for a breakout which will be a triangle pattern breakout on two hour timeframe chart could happen after when it able to break falling trendline resistance and close above on that in this condition target would be around 960 levels where it is facing up trendline resistance mentioned on chart.
ICICI BANK case studyICICI BANK SPOT CMP 917
Chart pattern study
Time Frame :- 240 mins
Symmetrical triangle pattern formation
Bearish divergence on RSI with respect to price
Suppy resistance zone around 922-936 levels
View gets negated above 945 levels on closing basis
Range of 922-936 should be used to exit long positions
Fresh investment recommendation above 945 levels
Down side 892 would act as intermediate support levels,, which can be considered as pivot levels,
If counter falls below this levels, Bullish trend might end and retracement till levels of 842 can be seen.
Time to take profits in your investments.
ICICI BANK - DAILY CHART - 26.09.2022 - BAHAVAN CAPITALICICI BANK as per Daily chart analysis stock Below 859 then Target is 841.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
ICICI BANK looks good to bank on...ICICI Bank looks bullish and is trading above the 200 day moving average.
Can see a upward move to 840-870 in the short to medium term.
The neckline of a double bottom pattern at 756 can act as a support, however, if that breaks 733 is the next support zone.
If 733 fails to sustain on the downside then a move below 700 is possible.
Always plan your trade with a strict stop loss.
Not a buy/sell recommendation.
ICICI Bank: Chart set up and Trading strategy...!!!ICICI Bank
Observations
- The stock is near Line of resistance
- minor support around 756 -757
- gap support around 702-720 odd levels
- major support around 680 odd levels
Given the set up, one may consider to sell 28 July expiry 780 Call Option currently around 10.5
The strategy has a yield potential of 7.5% approximately and covers risk for a rise in price up to 790.50 till expiry
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 Triangle Breakout PossibleICICI bank has created a beautiful triangle and while it broke down for a few days, it has reclaimed the triangle formation and looks set to give a positive breakout. Keep this stock on your radar and expect a new all time high. I do believe that bank nifty and other big private banks should move soon and give good returns.