ICICIBANK ready to break out?ICICI BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. It may break out of the pattern soon. A long trade can be initiated on the daily timeframe .
LONG ABOVE : 641.35
SL : 632.25
TGT 1 : 650.45
TGT 2 : 659.55
All explanation and levels marked on chart.
Search in ideas for "ICICI"
ICICI BANK LOOKS UPSIDE FIREICICI BANK trending in the Channel range and looking upside Breakout with upside volume crossover
ICICIBANK LOOKS UPSIDE FIRE
VOLUME SHOWING UPSIDE CROSSOVER
CHANNEL BREAKOUT LIKELY TO HAPPEN
CMP @371.55
UPSIDE 380-392-400
SUPPORT RANGE -- 364-361
7 TRADING DAYS
{MY ALL VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
ICICI Prudential - Retesting its triangle patternICICI prudential retesting its triangle pattern, so give an entry with appropriate Stop loss only after a bullish candle from its retest
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ICICI Bank - Overbought already ICICI bank has posted impressive Q3Y20 results last week. However, market seems to have already factored optimism in the price. Because, price has not reacted to quarterly results. Overall, ICICI bank on a monthly price movement read along with RSI appears in an overbought zone. Monthly RSI is 78 ~ 80. Interestingly, price has posted 52 weeks high well before the announcement of Q3Y20. Since then, the price has failed to post higher high or breach 52 weeks high. This means, 52 weeks high had fair amount of Q3Y20 results and consequent re-estimation of FY20 & FY 21 factored. One should buy ICICI on dips but only when dilutes its overbought status.
A good price band to buy is 510 ~ 524
ICICI PRU LIFE: At important resistance zoneICICI PRU LIFE
CMP 405.50
The stock is at important resistance zone
Strategy
Look to sell ICICI PRULIFE using Options.
Option Strike Price : 420 Call Option
Expiry: 29 August 2019 expiry
Current Price : 9
Lot size: 1500
Max profit potential Rs 13,500 per lot
In built loss protection for rise in stock up to 429 till 29th August 2019
Take care & safe trading...!!!
ICICI PRULI Swing TradeICICI Prudential L is forming a double bottom on daily time-frame, you can go long once it breaks the resistance level (Neckline) i.e 566Rs with good volume. It has also taken a retest from 200EMA of 1D time-frame. Target : 600Rs ⚠️ Place Stop-loss logically // Ignore if the stock opens gap-up. // Trade with your own risk // Trail your stop-loss once it reaches 50% of the target// Suggestion : Wait for a daily candle(or 4hr) to close-in above the resistance level.