IBN trade ideas
ICICI Bank: Head and shoulder pattern formationFormation of bullish to bearish trend reversal head and shoulder chart pattern on ICICI Bank.
Important level to watch is the neckline of the pattern around 843.
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 Bank| Rounding & Triple Bottom | Life High |27% UpsideNSE:ICICIBANK
CMP 925 is at Lifetime High
Rounding Bottom, Triple Bottom Breakout.
Price Bouncing above Short Term EMAs which are acting as support in the uptrend
RSI in Bullish Zone in all time frames
Targets : 1020 - 1137 - 1209
Upside : 27%
SL : 810
Time Frame : 3 - 6 Months
Possible W or Double Bottom PatternHi guys !! as you can see in the chart NSE:ICICIBANK can form a beautiful W or Double Bottom Pattern.
All the levels are mentioned in the chart.
Note : For Educational Purpose only
ICICI Bank to reach 1010 by Dec 2022ICICI Bank to reach 1010 by Dec 2022 based on impulse of the stock and Technical analysis
N pattern or Flag and pole breakout As you can see in chart NSE:ICICIBANK has given a N pattern or Flag & pole breakout ( Which can be clearly seen in monthly time frames ). Targets are mentioned in the charts .. approx time to achieve target is approx 6-8 months.
Note : For Educational purpose only.
ICICI LONG TRADE 1:3 (R:R)Two harmonic patterns at play (one medium term and one short term) converging at TARGET 1000
ICICI BANK LEVELS FOR MONDAY - 24-10-2022Important ICICI Bank Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Can this go for a HnS ??Possibly going for a HnS
Entry is possible after breakdown and successful retest
Target of 100 points after retest
Keep this in radar and trade with proper hedging
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
Icici bank important support and resistance Lable Icici bank important support and resistance my point of view
ICICI Bank : HNS lurkingNSE:ICICIBANK
1. 2H Chart suggests a possible HNS.
2. If 835 does not get defended, we have a deeper TGTs downside. Follow Extensions as depicted on the chart.
3. 890 - 865 - 835 are key reaction levels where a trade can be thought of based on price action on a given day.
ICICI BANK ICICI bank on daily TF, trying to take support around the upward trend line and 21 EMA. Good to watch out for.
COMPARE BANKING STOCKS VS NIFTY & BANKNIFTYFrom 16/07/22 Below mention banking stock is Outperformed Nifty & BANKNifty.
1. KARURVYSYA (80.27%)
2. IDFCFIRSTB (69.35%)
3. INDUSINDBK (49.21%)
4. RBLBANK (42.37%)
5. ICICIBANK (27.4%)
In Banking Sector, KARURVYSYA (Karur Vysya Bank Ltd) & IDFCFIRSTB (IDFC First Bank Ltd) Outperformed Nifty & BANKNifty by huge difference. Keep both in watchlist.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
ICICI BANK GOOD FOR LONG FOR 175 POINTS.icici bank good for long
entry price- current price 848
stopped- 807
target 1- 1023
target 2- 1057
hope to see rally soon.
ICICI Bank heading down?ICICI Bank formed a powerful gravestone doji chart pattern at close today 15th September 2022. Also showing divergences in RSI/MACD
Need to be confirmed with a tomorrow close below 917.5.
Targets: 910, 905, 901
ICICIBANK - 4% upside potentialICICI Bank has given cup n handle breakout, for target of 925+
SL: 890 below
View: 1-3 days
ICICI BANK: Correction Ahead Indicator Analysis:
Prices were trading in an uptrend making higher highs and higher lows posting a high of INR 936.65 on 15'Sep'22 and subsequently retreated back on the same day forming a Hammer Candlestick pattern. Post that prices witnessed a selling pressure and broken the rising trend line established from Jun'22 low of INR 699.95 and currently trading below its 13-Day and 40-Day exponential moving average. The momentum oscillator Stochastic (13,8,5) has given an negative crossover and turned bearish while RSI (14) hovering around its 40-region.
Based on these observations prices are likely to hold below 900 region and continue the correction towards INR 800 and INR 775 (where 200-Day exp-moving average is also placed) in the coming 2-3 weeks.
Elliott Wave Scenario : Prices have concluded a five wave impulsive structure at INR 936.65 from Jun'22 low of INR 699.95 and subsequently undergone into a corrective structure trading below Fibonacci 23.6% retracement level. As per the current structure prices are likely to fall in a three wave corrective structure towards INR 800/770 which is also a Fibonacci 61.8% retracement level of the prior rally.
Hence, any recovery from the current level is likely to hold below INR 900 and lead the prices for downside correction towards INR 800 and INR 775 in the coming 2 to 3 weeks.
ICICI Bank ShortON daily timeframe it has closed below 10DMA and with rsi falling, it is good candidate for short. Take trade as per levels given on chart
ICICI BANK - DAILY CHART - 26.09.2022 - BAHAVAN CAPITALICICI BANK as per Daily chart analysis stock Below 859 then Target is 841.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
ICICI Bank - Trend Reversal below 869 on CLSB in Daily TFWould exit longs if 869 is taken out on a Closing basis. Else continue to hold longs.
ICICI Bank (Bullish Structure)NSE:ICICIBANK
Hi Everyone
This is an chart of ICICI Bank same as the structure of Bank Nifty where we are in a bullish trend which has been extended.
Currently we are in L series in which we have completed 5 wave structure in M series, but rally has been extended and we are again in M series.
Completed wave M1 and we are in correction of wave M 2. We likely to go up as long as we are above invalidation Level.
Note- We soon be providing trading view live links for update of trail sl and further neowave counts.
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If you are an our new subscribers, you wondering what is L and M. Kindly see the below chart for our coding style and click on it to view it in details.
