ICICI BANK: Channel trade potentialICICI BANK
CMP 348
- We observe that the stock has spent majority of the time in the channel between 320-380
Given the view one may consider a Short strangle strategy in ICICI Bank
Sell ICICI Bank 320 Put around 8.5
&
Sell ICICI Bank 380 Call around 8.5
Lot size 1375
Max profit potential 1375 *(8.5+8.5) = Rs 23375/-
Yield potential approximately 10% till 25 June.
Loss in strategy if ICICI Bank closes below 303 or above 397 on 25th June 2020
Take care & safe trading...!!!
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ICICI BANK - SWING TRADE - 14th January #stocksICICI BANK (1D TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retracement & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #icicibank
ICICI SECURITIES - Swing Trade - 25th February #stocksICICI SECURITIES (1D TF) - Swing Trade Analysis given on 25th Feb, 2024
Pattern: ASCENDING TRIANGLE
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #ICICI #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
ICICIBANK TRENDLINE SUPPORTICICI BANK has taken support on a strong trendline that has been in formation for over a year.
Entries can be made on show of strength (Bullish candle on daily timeframe with volume) or when the stock goes above 50 DMA for safer players. Stop loss should be a candle close below 915 & Targets can be upward of 1010+
ICICI Bank: Short strangle Trading StrategyICICI Bank
CMP 332
Consider a Short strangle strategy in ICIC Bank
Consider selling ICICI Bank 30 April 2020 expiry
380 Call option
Lot size 1375
CMP 24
& also sell
280 Put Option
CMP 23
Max profit potential in the strategy: Rs 64,625 (if ICICI Bank in Cash market closes any where between 280 - 380 on 30 April 2020)
In built loss protection in strategy - Losses only if ICICI Bank falls & closes below 233 or goes up and closes above 427 on 30 April 2020
Take care & safe trading...!!!
ICICIBANK to bite the DustICICIBANK has completed a large Ending Diagonal on Weekly and Monthly charts. We should see a rapid decline in on ICICI Bank. The targets lie around 140! yes 140! Similar patterns are also seen on Bajaj Auto, Hero Honda, Yes Bank, Motilal Oswal Financial Services and we have already witnessed what happened. Expect a similar rapid decline on ICICIBANK too
ICICI Bank is likely to stay in its channel, No breakouts!ICICI bank has had a really good year, outperforming its rivals with 31.1% Returns in last 1 year while its main competitor HDFC sits at 13.9%. ICICI Bank is already trading slightly above its 3 Year Median PE.
All this points that a breakout from ICICI's current parallel channel is very less likely, and the bank is going to continue to stay in this channel only.
The lows will be formed either at bottom line of the channel or center line. This will create technical BUY signals for this stock.
ICICI PRU - Analysis 11-7-203 Sell Below 550 for upto 450ICICI PRU - Analysis 11-7-203 Sell Below 550 for upto 450 / Buy Over 625 for upto 675 Next upto 720
Exit (Stop Loss/) before Target if
On 9-RSI ema 21 cross over 3ema; (Weekly Timeline for Shortterm & Monthly for Long Term)
OR
on prv weekly lower break.
ICICI BankICICI Bank has declared a solid set of numbers. ICICI Bank remains one of the strongest banks in the country. Technically also I believe that this is one of the strongest stock in the stock market. In my opinion, one can go long in this share above 940. Hold for long term if 940 is taken out.
ICICI Lombard General Insurance - Long
ICICI Lombard General Insurance - Long
* Cup and Handle Pattern
* Triangle Pattern
* Watch out for Breakout and Buy.
* Targets: 1625, 1707, 1773
* Support Levels: 1487, 1440
Invest Wisely! Good Luck!
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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ICICI Pru Life: Looking weakICICI Pru Life
Closing Price 472.35
Observation
- Prima facie the stock looks likely to have made a triple top around 537
- the stock is trading below it's 20 Day EMA and 50 day EMA
On any rise the zone of 480 -488 may be crucial for the stock. Any rejection in this zone can signal signs of weakness and if 469-463 zone is taken out it may potentially fall up to 447 / 436 / 418 odd levels
Given the set up one may consider the following Bear Call Spread strategy
Sell 480 Call option preferably around 24
Buy 520 Call option around 8
Maximum profit if stock closes any where below 480 on 25 Feb 2021.
Stay cautious if closing is above 485 levels on daily charts.
Take care & safe trading...!!!