Icici bank Analysis HNS Pattern
bearish View
All levels mentioned
Only recommended to take bearish trade if levels taken out else watch it
IBN trade ideas
ICICI is a Buy Zoneicici bank is buy zone it will move fast above 755 Level wait for sustain the same level
Double bottom in Icici bank.ICICI bank has given a breakout from a classic double bottom pattern and the breakout is supported by an upmove which is a good sign. This large cap stock is at a very good price and we can expect an upmove to its previous high in upcoming months.
icici bank can show up move till 744 and make bank nifty more sticici bank can show up move till 744 and make bank nifty more strong.
ICICI BANK MID-TERM SWIMG TRADEHello, icici bank stock swing trade buy: 729 target: 780 stoploss: 714.
LOGIC BEHIND TRADE: Stock has formed W pattern & given breakout of resistance buy on pull back makes RR good (target identified from harmonic xabcd pattern level 0.786) stoploss is taken low of resistance candle. NSE:ICICIBANK
Cup and Handle pattern breakout in ICICIBANK.Today's session Cup and Handle pattern breakout in ICICIBANK. According to this pattern next expected to target 808+ in 1D time frame.
ICICIBANK Long BTST/1/2 day swingCan go long on ICICIBANK FUT on the levels mentioned. Looking strong in 1 hr tf.
ICICIBANKICICIBANK has broken above the swing high today and it is on the verge of closing above RK's short stop loss line, this can possibly lead to the next step of up move.
Also macd and other indicators are also suggesting same scenarios, As per wave counts, minor degree wave iii can possibly unfold at 777 and more, On the way down 694.50 level would be support to watch out for forthcoming trading sessions.
rk buy signal in daily and also close above rk SL line
macd in weekly converging
macd in daily positive
rsi in daily uptick along with double breakout
dmi adx converging towards positive
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ICICIBANK 799+ LONG SIDE TRADE WATCH 10%+NSE:ICICIBANK
Trade Logic | LONG BREAKOUT WATCH. STOCK ABOVE 20 DMA.
Entry 721
Stop 688
Target 799
RR 2.0+ 2nd Target Open
Details on chart as always
1 FREE trade idea Daily/Weekly.
Trade Size 5%- 10% Max
Max Trades 10-20/ Month
Time Frame 1 WEEK - 1 MONTH. Max
Diversify Bet Small Lose less. | Our Motto.
#TRADEWORLD | #MARKET_MAGIC
----**All the Stocks shared here are only for Analysis Educational Purposes.
Few Stocks Shared here can be in My Personal Trade Portfolio also with Better Trade Levels***----
ICICI BANK...left many gaps while falling from the top ..ICICI BANK...left many gaps while falling from the top ..now it needs to fill all those gaps .down side gaps are filled..
ICICI Bank Look for 825 to 847 Keep a SL of 795 on closing basis
Target can get achieved by expiry
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Building long position on ICICI bank Tranche 1 of 38 shares @ 650
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price is on a downward trend with a major sell off this week
2. Is there any trend reversal in play?
1. No trend reversal in play
2. At important support or resistance - horizontal - Yes brought when crossed 50 Weekly and at long term previous resistance turned support
3. At important confluence of EMAs + price + support - Yes - Near support and 50 EMA weekly
3. How are the candlesticks behaving and what is the volume doing
Decline in price with large selloff volume
4. Is there any trend continuation in play?
Downtrend looks to continue
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No
6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth and OPM growth... Q3 2021 was fantastic
2. Are institutional investors/promotors increasing their stake - No movement in shareholding
ICICI bank Double bottom !IF the support line is sustained in ICICI bank intraday 15min, W pattern can been seen and chances of BNF touching 35k will be more.
ICICIBANK Crucial support and resistance zonesAs the stock rallied a lot after making cup and handle pattern which worked well. Noe the stock is taking resistance at the last resistance zone, keep an alert at these zone watch price action manage your risk and take trades accordingly.
ICICI Bank - Harmonic Pattern Combined with Trend lineICICI Bank has fallen nearly 18% from its all time high. A fundamentally strong stock which has been respecting harmonic levels several is expected to be reversed from the marked level. 680 level is the range to initiate buy. Harmonic levels also matches with the support zone as shown in the chart.
It is also an classic example of previous resistance acting as support and it is expected to take support at 680 and move higher. A chart pattern of higher highs and higher lows in 15 minutes timeframe would suggest a strong up move coming in the future.
ICICI Bank (Bearish View) Currently the stock is trading at 18% discount from all time high levels.
ICICI Bank (TF=W):
1. Double Top pattern is being formed on Weekly time frame. Stock has given closing below "M" pattern (Double Top) neckline.
2. Also, the stock has given closing below 50 Week Exponential Moving Average.
3. Selling Volumes are continuously increasing.
ICICI Bank (TF=D)
1. "M" Pattern breakdown.
2. Trading below 200 Days Exponential Moving Average
View Point:
1. Stock seems to be bearish seeing global cues and formation of Double Top pattern
2. Can be accumulated at lower levels for Long Term Investment
Addl Points:
1. FII/FPI have decreased holdings from 47.29% to 45.28% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 27.21% to 28.20% in Dec 2021 qtr.
Note:
1. The above analysis is for educational purpose.
Short ICICIBANKICICI bank is looking week
Daily chart candle is now near 200 EMA and breaching that one then it can go dip by another 10%
ROC RSI VORTEX is negative
Today Falling candle is high volume means sellers are more than buyers and
Falling in downward trendline not single day breached that trendline
ICICIBANK heading to 610 nowIn continuation to my view published on 01-DEC
As we have now breached 06DEC low 707.5 we are now in a incomplete bearish sequence by making Lower High and Lower Lows. This sequence started as a corrective wave after completing Cycle which started from MAr-20 and made high on 25-oct @ 687. and than started its corrective move which completed its 1st leg on 06DEc @ 607.5 and made a connector to form B in RED on 13DEc @ 769.7 and now is heading to complete its 3rd leg to complete the corrective cycle.
This leg we can expect to reach upto 610 level now which will be our Entry Level for a next UPSIDE move.
Bears engulfed ICICI BankICICI Bank was bullish in the last trading session and maintained itself above the 200 DMA mark. ICICI's upward move also supported BANKNIFTY from falling.
Today ICICI Bank again tripped below 200 DMA levels because of the Russia-Ukraine tussle and stress on the financial sector. ICICI Bank already broke its support levels at 715 based on Gann Square of 9. The following support levels are 713 and then 690.
Supertrend, Follow Line Indicator and Smoothed Heiken Ashi all are red in all timelines.
