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ICICI Bank Positional Trading ( ICICI LONG AT 420 )ICICI Bank short term target 360. Time period: 1 Month.
Note: This is an expression of my personal opinion. Take position at your own risk.
ICICI PRU LIFE - LONG WAY TO GOICICI PRULIFE
CMP 430.
Weekly chart
Target 500 plus
Stop 380
Stock has cleared past 30 week ema with good volumes.
Stock also has cleared past downward sloping resistance line.
Stock is in the early stages of formation of cup pattern.
ICICIBANK LOOKING GOOD TO SOAR HIGHICICIBANK is currently trading at 1328.75, showcasing a strong breakout and successful retest at a critical level, where the previous resistance has now turned into support. The stock has consistently performed exceptionally well since its inception, supported by great fundamentals and a solid technical setup. With this bullish momentum, a significant rally could be on the horizon in the coming weeks. The levels and targets for both short-term and long-term trades are clearly defined and promising.
P.S. The long-term outlook extends until the end of next year.
ICICIBANK BREKING TRENDLINE RESISTANCEICICIBANKbreaking trendline #resistance
with huge volume
trading above 20 ema
heading towards ATH
EDUCATIONAL IDEA ONLY
ICICI BANK CONTRA Icici bank looking weak on daily chart by breaking a curved support trendline and giving a bearish divergence on RSI indicator it is so early to say by only one candle for a breakdown in it but both things are indicating coming bearishness in this stock by the chance Indian indices also looking supported for contra trades in coming sessions.
ICICI BANK BREAKOUTICICI bank giving breakout on downtrend line resistance and giving positive divergences on macd indicator although traders be careful as tomorrow it will announced its quarterly results
Cause of Long
1- Downtrend line resistance breakout and closed above
2- Macd giving positive signals for coming momentums too
ICICI in good position to take multiple trades .ICICI is at a position where we can take multiple trades . Not in sequence depends on how the stock moves .
1)1st trade would be taking a long after touch on the trend line . Risk only 2% of capital .
2) Short at 691 . Risk 1% cap.
3) If trend line has already been hit , can take chance with 3rd trend line bounce after it hits 691 . Risk only .5% or even less .
All things said , keep a close eye on how the Sensex plays out for the day.
ICICI BANKICICI BANK can give breakout anytime, put it on your radar.
Buy above- 708
Target one- 719.70 (book half here)
Target two- 735 (book full here)
SL- 688.90 Strict SL, After hitting the first target trail your SL to 706.85
ICICI Bank- Taking flightICICI Bank has broken into unchartered territory with attaining an ATH. I have also plotted the Fib retracement for the fall in March 2020 and the chart pattern has played out the Support n Resistance levels at the the key levels of Fib retracement. Now the chart has also broken the 1.618 level mark and expect it to continue its upward journey to the next level of 2.618 which shall be somewhere close to 981. There is an immediate support zone at 670-680 levels which was the immediate resistance which was broken recently. The vol. profile levels from 1 to 1.618 show a strong value zone at 625-630 levels which shall act as the medium term support.
Guys let me know if you can value add further on this analysis. Let me also know if I am going wrong in the analysis.
icici bankICICI Bank: 10 yr upward channel consolidation breakout with retest...if bank nifty goes bullish from here then stock to watch is ICICI bank, axis bank and sbi bank...any dip in nifty/bnf then add one from these 3 in portfolio...tgt 680/720/771 with sl of 557...also on daily chart its inverse head n shoulder.
ICICI BANK!!!! GOOD UPSIDEICICI BANK IS FORMING A CUP AND HANDLE PATTERN!!!!
TRADE ON GIVEN LEVELS !!!!
ICICI Bank (Make or Break Zone)ICICI Bank is trading at important support zone of 640.
Good opportunity to trade:
Buy if fails to break 638 with 635 Stoploss.
Sell Below 638 with Stoploss at 645.
Swing Trade in Futures with Hedge.
(Levels as per Spot and trade in FnO)
Apart from Support zone there is clear rising wedge pattern visible on the charts so max chances we will get Short side trade on Monday.
I am sharing probability of best trade to get on Monday. Please do analysis for better risk management.
Like if you Like.
ICICI Bank showing Bearish trendICICI Bank is replicating what BankNifty is doing. So as Banknifty is showing weakness in all time frame, ICICI bank will also perform in the same way.
Short term trade can be initiated for 550 levels if the Neckline of the Bearish Head and Shoulder breaks.
Icici Prudential Life Insurance chart analysisIcici Prudential Life Insurance chart analysis for intraday and swing trading
Icici Prudential Life Insurance chart analysisIcici Prudential Life Insurance chart analysis for intraday and swing trading
ICICI bank formed a morning star pattern. ICICI bank has been following a strict trend for a while now. After breaking out from the trend it came down for a retest of the same zone.
The retest seems to have sustained that it has now bounced upwards with a formation of MORNING STAR pattern signaling bullish pattern.
With good support from the bank nifty, ICICI will follow a new trendline with higher highs and higher lows.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.
ICICIBANK DOWNWARD TREND BROKEN ICICIBANK saw selling pressure after reaching 679, falling to 606. now it seems to have broken its downward trend and might consolidate before beginning its upwards trend.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views and suggestions, I am still learning.
ICICIBANK OVERSOLD ICICIBANK looks oversold. Support level at 625.5
Looks good for short term gain.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views, I am still learning.
ICICI Prudential Forming Elliot wave formation on daily TFICICI Prudential forming Elliot wave on daily time frame and looking bearish. Target & SL is mentioned for paper trading, will appreciate your comments to improvise my drawing & price analysis.
ICICI bank at a crucial resistanceICICI bank is about to break its previous all time high very soon. It already tried twice but failed. Might break it next time. Keep a watch. Plan your trade accordingly.
