ICICI Bank Cup & Handle For Education Purpose
Wait for Breakout @958
Height of Cup is 160 point.
After proper breakout, we can consider minimum target of another 160 point from level 958.
IBN trade ideas
Triangle pattern in ICICIShort ICICI Bank for positional targets -1, 925; 2. 900,; 3.850 by July
Expected breakout of triangle pattern before 6 June; most likely on the downside considering banking sector has a correction in the waiting.
icici bank - buy on dipsBuy from cmp to 942
sl close below 941
easy tg - 951
tg2 - 955
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Reverse Head & Shoulder Pattern in ICICI BankReverse Head & Shoulder Pattern in ICICI Bank which means ICICI may get long for longer period.
Cup & handle formation in ICICIBankCup and handle formation in ICICIBank. BO awaited.
Caution as handle is small.
$NSE:ICICIBANK - bullish above 944 NSE:ICICIBANK very short trem trade 1-2 days, entry only abv 944 sl 933 last swing low and tgt 952 and 958
ICICI Bank on daily time frameICICI Bank ...Cup and handle pattern formation
Entry above 966
SL 910
Target 1100
Book profit
Note:- Education purpose only.. not advice to buy...
ICICI BANK CUP WITH HANDEL PATTERNICICI bank has formed cupwith handel pattern and technical target is 1122 based upon depth of cup Only (for educational perpose)
ICICIBANK about to break out? Testing all-time high with strong RSI and MACD showing an upward trend, ICICI could soar to new heights. Can someone help me calculate the next target?
ICICIBANK is buy based on Daily Charts for 20% upsideICICIBANK Daily chart shows CUP & Handle Pattern which suggest 20% upside in coming days.
LTP - 925
SL - 910
Target 1100+
Time frame 2-3 Months
ICICIBANK- breakoutICICIBANK
Study-Practice-sharing
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
I am not responsible for your loss or gain.
Inspired by - Trading Mirror telugu
ICICI Bank _ Cup & Handle Cup and Handle under formation ..
Pattern Confirmation with Weekly Close above 960 can push targets of 1100
ICICI BANK SHORT15 min resistance with a 4 points SL target of 100 points. The R-R is always low in my trades.
ICICI Bank Wedge BreakdownOn 2 hourly chart a Wedge Pattern has been formed
On the breakdown candle there is high volume
After the breakout ATR is rising
There was restest of the wedge resistance
Target and SL for a short term trade are marked on the chart
The targets can be further increased
Support and Resistance are marked on chart (white horizontal lines)
ICICI Bank Major Support at 905 to 894 levelICICI Bank Major Support at 905 to 894 level. Can take Positional long trade from this levels for up move.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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ICICIBANK (spot) - Diamond PatternICICI bank spot daily time frame fund Diamond pattern... Entry exit levels mentioned in chart
ICICI BankThere is breakdown after a consolidation and stock seems weak. Stock is recently rejected 52 week high which is another sign of weakness in stock
we could see further down side move in near term.
Channel BreakoutThe channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where and when to enter a trade, where to place stop-loss orders, and where to take profits.
Script = ICICI Bank
Time Frame = 1 DaY
Capitalizing on Relative Weakness: Short ICICIBANK Long Nifty 50Introduction:
In the dynamic world of trading, identifying relative strengths and weaknesses among stocks and indices is crucial for maximizing profits. This idea focuses on the underperformance of ICICIBANK compared to the Nifty 50 index. By analyzing the daily charts and employing a ratio chart, we can spot a potential opportunity for a pair trade. This write-up aims to provide an analysis of ICICIBANK's current trend, its ratio to Nifty 50, and how traders can profit from this relative weakness.
Section 1: Understanding the Ratio Chart
To gain further insights into ICICIBANK's relative performance, let's examine the ICICIBANK/Nifty 50 ratio chart. This ratio chart compares the price performance of ICICIBANK to that of the Nifty 50 index. By analyzing this chart, we can assess ICICIBANK's strength or weakness relative to the broader market.
The ratio chart reveals a broadening wedge pattern breakdown. This breakdown suggests a bearish outlook for ICICIBANK, indicating a potential continuation of its underperformance against Nifty 50. Additionally, the ratio has been consistently trending within a downtrend channel, emphasizing ICICIBANK's persistent weakness compared to the broader market.
Section 2: Pair Trade Strategy
Based on the technical analysis of ICICIBANK and the ICICIBANK/Nifty 50 ratio, a pair trade strategy can be implemented to capitalize on ICICIBANK's relative weakness.
The pair trade strategy involves simultaneously shorting ICICIBANK and going long on Nifty 50. By shorting ICICIBANK, traders can profit from its anticipated further decline, while being long on Nifty 50 allows them to participate in the potential upside of the broader market.
It is crucial to effectively manage risk when implementing this pair trade strategy. Setting appropriate stop-loss levels based on ICICIBANK's volatility and the overall market conditions is essential. Additionally, continuous monitoring of the ICICIBANK/Nifty 50 ratio is necessary to assess any changes in relative performance and adjust positions accordingly.
Conclusion:
The current technical analysis of ICICIBANK, along with its ratio to Nifty 50, suggests a bearish outlook for the stock. Traders can consider implementing a pair trade strategy by shorting ICICIBANK and going long on Nifty 50, capitalizing on the relative weakness of ICICIBANK compared to the broader market. One has to closely track the above ratio chart for the stop and target level for the pair trade
ICICI Bank rounding pattern breakout & retestICICI Bank give breakout of rounding bottom & then retest it. Now a new high possible if give breakout of trendline & major 960 resistance of life high. Watch carefully thanks
