ICICI BANK - At ResistanceStock currently at trendline resistance
If breaks 740 n holds den can expect again upto 695
Currently in Accumlation/Distribution phase
IBN trade ideas
ICICI ANALYSIS | ICICI OUTLOOK | ICICI VIEW1 hr time frame
Double Top
Triple Bottom
M pattern
Price taking hault @ neckline
No Trading zone
744 - 740
Conditions applied:
If 740 taken out then we can sort till 722 achieved.
If price reverse then wait until previous candle high was not taken out.
Note: Trailing SL / Volume & OI to be watched closely before taking any positions.
IMPORTANT LEVEL ON ICICI BANKNSE:ICICIBANK
If the daily resistance is broken or it breaks out according to price action we can see 800 in coming days .
We can see a breakout on .318 on fib levels on daily time frame.
This is for educational purpose.
icici bankEnter when the price breaks top trend line and if face any resistence at that level go for short
Always follow Risk and Position Management❇️❇️
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Simple Trade Setup | ICICIBANK | 30-05-2022 [INTRADAY]NSE:ICICIBANK
Observations:
1) On 1 day time frame, it is just near 200MA. 200MA is placed in 740 level range.
Please refer below chart : 1 day time frame.
Also on 1 day time frame, we can see the importance of 740 level.
Also we can see resistance trendline.
Please refer below chart : 1 day time frame.
2) On 15min Time frame, we can see a rounding bottom pattern. If has to sustain above 740 to get it activated but the next hurdle for it is that resistance trendline.
Please refer below chart : 15min time frame.
Also a support channel is there on 15min TF.
Please refer below chart : 15min time frame.
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Trade Setup for 30-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Price Action ICICI BANKAs per simple price action, stock seems to be moving in an uptrend on a daily chart.
ICICI bank weeklyICICI bank weekly forming Bearish Butterfly Harmonic pattern; "CD" leg expecting upto 843 range.
Simple Trade Setup | ICICIBANK | 16-05-2022 [INTRADAY]NSE:ICICIBANK
Observations:
1) On 1day time frame, it near critical support zone of 670-675 range.
Please refer below chart : 1day time frame.
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Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ICICI Bank - Weekly Time FrameICICI Bank - Bearish
One can short from current level with a SL of 704.
Note: On a weekly TF the stock has broken 50 EMA and hence on a shorter term the chart set-up in bearish.
Long Set-up
644-650 seems to have a strong support level.
Can start accumulating from 660/650 and keep space for lower levels.
Caution: If it breaks (Weekly TF) downfall of more 80-100 points is possible.
Rounded pattern Icici bank may be fall more or else will move upside little sideways
This is for educational purpose only...
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 BANK SELL BELOW 705Icici bank cmp is 710
Sell below 705 stop-loss 725
Expected targets 675 - 645
ICICI BankICICI Bank
Currently following the Pithfork
ST support of 750 was taken out
Till Trading below 765 this may move towards next support zones mentioned on the chart.
ICICI BANK - READY TO TOUCH 800ICICI is in HLHH Pattern and dollar index and bond yield support is going to work wonders for all banks.
Triangle formation in ICICIBANKIcicibank is showing traingle break out. Good buy now with the SL shown.
#Icicibank cash : Looks good sell around 749-750#Icicibank cash -Positional call
24 April 2022
Looks sell around 749-750
stoploss 757
Target 736/724
Cmp 747.65
NSE ICICIBANK ICICI BANK (WEEKLY)Normal trend line breakdown - retest pattern.
Price might move till 685.
Then based on RSI price might move till 660-650 again.
Keep booking profits at appropriate levels.
ICICI BANK TRADING IDEA Q4 2022 ResultsNSE:ICICIBANK
Candle Pattern Form on Weekly Closing is Shooting Star at the top ( A Bearish Candle) indicating trend reversal.
A Death Cross was also formed on 12th April when DMA 44 crossed below DMA 200.
There is a Gap between 778 to 788... which is offering resistance!
Due to Good Q4 2022 Results, the Stock is likely to open GAP UP on Monday, April 25, 2022.
However, analysing the Futures Open Interest data its observed that there is a short build up.
Option OI suggests that heavy Call Writing has been done from 780 onwards... 800 has the highest CALL OI... So 800 will be a Strong Resistance. Also Maximum Puts have been written at 700 level, so 700 is a good support. These two levels may be respected at least till this month Expiry April 28, 2022.
Overall its prudent not to enter at 770 above level unless it crosses the resistance... else it may be a Trap for the Bulls!
ICICI Bank- Gravestone Doji on weeklyWith results due on 23 Apr, ICICI Bank will be interesting to watch out for next week, as bearish formation visible on weekly charts i.e GRAVESTONE DOJi
ICICI bank is at short term SupportPlease share your view in comment...
750 looks crucial for next week
