ICICI Bank Parallel Channel: Swing TradeNSE:ICICIBANK is in a parallel channel, where the current price action is at the bottom of the channel.
So, it' a nice swing trading strategy to buy around 900 and sell once around 960. If sustains above 960, buy and then sell again on 1020. Roughly 120 point range play.
Search in ideas for "ICICI"
ICICI Bank| Rounding & Triple Bottom | Life High |27% UpsideNSE:ICICIBANK
CMP 925 is at Lifetime High
Rounding Bottom, Triple Bottom Breakout.
Price Bouncing above Short Term EMAs which are acting as support in the uptrend
RSI in Bullish Zone in all time frames
Targets : 1020 - 1137 - 1209
Upside : 27%
SL : 810
Time Frame : 3 - 6 Months
ICICI BANK FUT LOOKING GOODSUMMARY:-
*stock is bottoming out
*it is good good support zone
*overnight risk exist
*so i would suggest to trade in options
*use morning low as an exit signal
ICICI BANK MAR FUT
BUY@694
STOP@684
TARGET@707-717-727
*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
*shorts are active and shared in the channel early
*early analysis through link channel
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ICICI BANKNSE:ICICIBANK is the best fundamental company in the banking sector.
After the gap up of 25th Oct stock fills the gap on the daily time frame, and now taking very strong support from 734 level.
Investors can buy this dip of 10% from the all-time high, it will be a very good investment for future.
ICICI BANK RANGE BREAK ACTION -stock as explained earlier had broken out of a bearish trendline
-the stock did retest the los of 540-538
-but bounce back to reclaim 550 on closing basis
-we have seen that whenever a big private bank breaks all time high
-it has managed to rally upto 20%
-keeping that in mind one can execute positional long in icici bank
-buy near 550-546
-enter a stop near 536
-target on short-term can be 572
-positional target can be set to 595-608
ICICI Bank may move from hereAs we can see in the 30minute chart that ICICI Bank may move from here but if it break the bottom support line then it will bearish for upcoming days. I will say that keep an eye on ICICI bank if it holds the above line then only enter into the trade for the target of 370/380. But keep a strict stop-loss at 334.