Search in ideas for "ICICI"
ICICI bank to ge tired here? Theory suggests soICICI bank received strong support at the trend-line as indicated by the arrows. By theory, a previous support acts like a resistance. ICICI bank is at that levels again and could find stiff resistance.
But if decisively broken, then the move could be huge.
Like and follow.
NSE:ICICIBANK
ICICI Lombar Gen ICICIGI ICICIGI is trading in a bearish channel close to make or break level. The stock is just around its 100 day EMA and this might be a level which it may bounce back from.
On closing basis it has ended below 100 day EMA so if a bearish candle is given as confirmation in next trading session we may expect a further downside with sectoral consolidation going on in insurance companies.
If a bullish candle is formed it will take the stock close to levels breaking out of the bearish channel. We will then wait for retest and confirm the break out in favor of bulls if it gets a closing above channel.
Keep this in your watch-list.
Do let me know if any suggestions/input regarding these observations.
ICICIPRULI - Bullish BatICICIPRULI forming a bullish bat pattern. The stock has already given a confirmation for entry.
Note there is also a bullish divergence in hourly charts.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
ICICI PRU LIFE: Chart set up and strategyICICI PRU LIFE
CMP 398.65
We observe
- range bound activity in ICICI Pru Life for the June series so far
- the stock looks likely to test 416 in coming days
- support at green line
Given the chart set up
One may consider selling ICICI Pru Life 380 Put option around 7.5
Yield potential of 5% til 25th June 2020
Loss protection for a fall in price up to 372.50
Take care & safe trading...!!!
ICICI Bank: Chart set up and trading strategyICICI Bank
We are looking at daily candlestick chart pattern
Observations
- ICICI Bank chart reflects it made a gravestone doji on September 15, 2022 (indicates previous buyers were happy to sell at 936 odd levels)
- subsequently we saw profit booking in the stock
- now the stock is back at 920-940 odd levels
- we see ICICI Bank still not making a decisive move above the September 15 high
View going forward
- so far as ICICI Bank is below 945 odd levels we might see ICICI Bank rangebound
- support at 868 / 844
Given the set up one may consider a Bear Call Spread strategy in ICICI Bank
Sell 960 Call option currently around 12
Buy 1000 Call option currently around 4
Net receivables 8 points
Lot size 1375
Net profit potential Rs 11000 per strategy lot
Margin requirement - approximately 93500
Yield Potential - 11.75% approximately
Review point for me: If ICICI Bank closing is above 943.
It gives ample scope to adjust / exit in case stock moves otherwise. Pls follow your Risk management measures.
Take care & safe trading...!!!
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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 PRUDENTIAL BREAKOUT ON DAILY CHARTICICI Prudential has broken out of a cup and handle pattern on both the daily and weekly charts. It’s a good sign that the breakout occurred on both charts, making the pattern more valid. I’m keeping a close eye on ICICI Prudential, and if it crosses the 641 mark, I’m expecting it to climb to 681, with a longer term target of 724. I believe this is a solid, long-term investment strategy, and I encourage patient investors to take advantage of it.
ICICIBANK : Triangle patternICICIBANK : Triangle pattern
- Filtered in Strategy#1
- Triangle pattern
- Near breakout
-Keep eye above 653
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing