Search in ideas for "ICICI"
ICICI BANK KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for ICICIBANK :
Upper Breakout~346.90
First Target~352.70
Interim Resistance~358.85
Final Resistance~363.90
**Lower Levels**
Lower Breakout~339.20
First Target~334.60
Interim Support~329.55
Final Support~325.30
Please trade with caution and consult your financial adviser before trading.
ICICI Bank: Go for ShortICICI CMP: 902
ICICI Bank Ltd is India`s second-largest bank.The service offered by the company includes Deposits,Loans ,Cards,Investments & Insurance & Demat. In the NRI segment services offered include Money Transfer,Bank Accounts,Investment,Home Loans,Insurance,Loans against FD,etc.
Short Below 900
Target : 893-890
SL: 905
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ICICI BANK ASCEDNING TRIANGLE BREAKOUT SUMMARY:
*icici bank breaking out of ascending triangle in hourly chart
*possible bearish trendline breakout in daily chart
*positional trade
ICICI BANK FUT
BUY@705
STOP@695
TARGET@720-730-740
'longs were active since yesterday'
'we had a inverted head and shoulder pattern break'
'trade according to your risk appetite'
'this is my personal view only'
ICICI Bank (Bearish View) Currently the stock is trading at 18% discount from all time high levels.
ICICI Bank (TF=W):
1. Double Top pattern is being formed on Weekly time frame. Stock has given closing below "M" pattern (Double Top) neckline.
2. Also, the stock has given closing below 50 Week Exponential Moving Average.
3. Selling Volumes are continuously increasing.
ICICI Bank (TF=D)
1. "M" Pattern breakdown.
2. Trading below 200 Days Exponential Moving Average
View Point:
1. Stock seems to be bearish seeing global cues and formation of Double Top pattern
2. Can be accumulated at lower levels for Long Term Investment
Addl Points:
1. FII/FPI have decreased holdings from 47.29% to 45.28% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 27.21% to 28.20% in Dec 2021 qtr.
Note:
1. The above analysis is for educational purpose.
!!ICICI BANK IN SCARY WATER!!INTRADAY AND CONDIITIONAL CARRY
*icici bank trading below 780 not a good sign
*780-818 has been the trading range
*downside extension
ICICI BANK FUT
SHORT@780
STOP@790
TARGET@772-766-760
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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ICICI BANK BUILDING LONGS SUMMARY:-
*after posting stellar numbers it is the only stock which is holding the fort for the markets
*once market starts to recover icici bank shall lead from the front based on relative outperformance
*the stock is taking support on its to 20-ema near 792-795
*on the upside 820-818 is acting as strong resistance
*we are going there but its getting rejected
*once a close is achieved then expect the stock to race to level of 840-850
*can go to new all time high also
*stock also gave a double bottom breakout and has given a throwback pattern move
*now when swing high of 836 breaks a extension of the recent move from 836-796 to 876 will be seen and more
ICICI BANK FEB FUT
BUY@810
STOP@793
TARGET@820-830-840
(WILL REVISE TARGETS UPWARDS FOR POSITIONAL TRADERS LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
👇👇👇👇👇👇👇👇👇
ICICI pru TView ideaAs per charts of ICICI pru keep an eye either BO or BD of the triangle pattern.
always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance sheet. All trading ideas freely shared here for your education & support.
drive.google.com
Once again ICICI BANK can breakthrough all bulls expectations.ICICI Bank can move towards 400-414-434. Below is my strategy for traders in this banking stock.
Upwards:-
Wait for ICICI Bank to take a direction. It currently stands at its resistance of 380. If this moves upwards or opens with gap-up, take an entry/buy position at 386-388 only after it touches 388 atleast once.
Entry point: 388, SL: 378, Target: 400 (Intraday), 414 (within 2 days), 434 by next week.
The stock is exhibiting uptrend and should achieve the targets as quoted above.
Downwards:-
The next level/support is 343. The long positions can be squared off at 372 in case of downward move(not in case of gap down opening, hold for pull up in this case and then consider this whole strategy). You could short ICICI bank to see intraday lows of 354 or 343 within next 2 days.
ICICI Bank has formed double top in weekly time frameThis chart explains that ICICI Bank has broken the mid-point (support) and formed a double top pattern and got activated by breaking the support line in Weekly Time Frame
However nothing to panic as the next level of support is very near by and it is a short pattern. Unless it reverses and closes back above 950 this pattern will be valid.
If the pattern continues then the target range will be 922 - 915
ICICI Bank: Wants To Repeat Its Past ?Technical Analysis:
The ICICI Bank chart shows several bearish signals.
1. The price has failed to cross the previous lower high, indicating a lack of bullish momentum.
2. The price is below both the 20 and 200 moving averages, which is typically seen as a bearish signal.
3. There was a previous attempt to breakdown, but it failed, leading to a double top pattern formation, which is considered a bearish indicator.
4. The resistance levels are strong, but the supports are weak, which suggests that the price may fall further, potentially down to the 800 level.
Overall, the chart indicates bearishness for ICICI Bank.