ICICI Bank Again making Morning StarLast time this counter made MS near 700 target gave very fine.
Again its making same pattern near thick support 800.
Target 900.
IBN trade ideas
ICICIBankDistribution Schematic #1: Wyckoff Bearish
This pattern started in Mid of Jul 2021 and we are right now in Phase D
#ICICIBANK Breakout, bullish divergence &gap support with a doji#ICICIBank 18% breakout from previous resistance in just 2 weeks following earnings but gave up half of it forming a indecisive gravestone doji at a gap support.what else to do when even index gives up >5% in same time. Daily timeframe has a bullish reverse divergence that could lift it up. Momentum is very good on all timeframes intact in bullish zones ADX trend strength rising up on weekly and dmi positive in bullish zones and rising as well. Above moving average volumes on weekly.Banking index also is at a support forming a hammer bounce candle. Be cautious on the dojo on weekly as it indicate the bear pressure. Therefore gap support should be stop loss for swing trades with entry above previous candle high.
icici bank near supportgood buying opportunity in icici bank
it is near support and making a very good risk reward ratio for trading on both long and short side.
if banknifty is negative then it is goin to fill gap and is perfect for short trade.
using market volatility, this can be very fruitful trade.
comment for any queries or help(suggestion) on any active trade.
icici bank formaing a bearish pattern nowtomorrow's candle can be a determining factor for next month expiry futures.
considering the gain and bearish polynomica, a closing below todays close will bring the stock down to the levels as mention.
any direction ne the trade.... both will be very lucrative.
please hedge postions before entering the trade
ICICIBANK SHORTBecause of Result its gap up 4.25% .. and high was 866
but not sustain above 855 & then making LL &LH
And finally broke the level of 824/827
if banknifty weak may it fill gap
tgt 870/865
18/10/2021 Research Report For ICICIBANKDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 730
Target 1: 740
Target 2: 760
Icici bank: Rectangle pattern pattern (Time frame- 1 Day )Icici bank: Rectangle pattern pattern (Time frame- 1 Day )
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Chart time frame -1 Day )
Trade type -Short term
Duration - 2 months
Entry - 760
Target 1 - 820
Stoploss - 730
Risk : Reward - 1:2
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Have a great day everyone!
Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Icici bank analysis - Logic and PlanEXPLANATION : This is a 15 min time frame chart of ICICIBANK . The stock has been in a consolidate for day both side potential in ICICIBANK , If break any side trade with confirmations . Enter as per your setup .
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ICICIBANK SHORT In Pervious day we have seen stock was on GAPUP, i feel the stock will slide below if coming levels
Cup and handle - Pattern completion by ICICI bankIcici bank reached the positional target of the ideal cup and handle pattern. Made a pullback to previous resistance break out, and then gave good move yesterday to complete the pattern. Visit previous chart in the link below.
ICICI BANK LOOKS GOOD FOR LONG POSITIONICICI BANK BUY ABOVE 660 IN DAYS CLOSE, TARGET 1>> 704, TARGET 2 >> 778, STOPLOSS 632 IN DAY CLOSING BELOW
ICICI Bank on Steroids, fires up Bank Nifty & rescues NiftyNIFTY 50 EOD ANALYSIS 25-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 18229.50
H 18241.40
L 17968.50
C 18125.40
EOD - +10 points /-0.06%
India VIX = 17.61 / +0.28%
SGX Nifty 25-10-21 1840h = Flat
FII DII = Unavailable till 1840h but likely to be negative with some buying by DIIs.
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty ended flat as if nothing has happened.
In Hindi, today’s day can be summed up as -- Khaya Piya Kuch Nahi, Gilas Toda Baraa Aanaa!
Nifty broke 18000 solid level as well but somehow managed to close flat.
Nifty has now severely underperformed to Bank Nifty. This si quite a concern as except for banks no one seems to be supporting Nifty.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 41
Top 5 Draggers contributed = 24
Net = +17
POSITIVES
ICICI Bank roared with the thunder that the results deserve.
Kotak Bank has managed to close well above 2100.
Axis Bank has also run up ahead of its results.
SBIN continues to hold 500+ levels.
NEGATIVES
HDFC Bank was shivering as ICICI Bank was catching the limelight. Its inability to sustain higher levels is a cause of concern from a short-term perspective.
Reliance failed to hold on to higher levels post its results though it closed just on the line of 2600.
ITC has been beaten down and is the new punching bag of the Nifty pack.
TRADING RANGE FOR 26 October 2021
Nifty 17900 as the new support base and 18150-200 and every few points thereafter is a resistance.
Bank Nifty is a rocket and it would be very hard for me to gauge the speed or the lack of it of this new rocket and I will wait for the price action to play out for the next few days before venturing into the support/resistance placement.
INSIGHTS / OBSERVATIONS
As mentioned in yesterday’s video, ICICI Bank was in focus, and what a strong performance on the exchange by the leading bank. I like such actions that clearly define that the key fundamental change in the bank’s performance, the NPAs has been welcomed warmly by the market.
And as expected, Reliance did not make any wild downside moves as it had been priced from the highs around 2730 and it fell 5% already ahead of the event so we will have to see how it behaves tomorrow as it has been able to hold 2600 for the day.
I am wondering what would happen tomorrow if ICICI Bank remains flat? Who will be at Nifty’s rescue?
Bank Nifty has been doing a terrific comeback after long periods of underperformance. Had it not been for the index, Nifty would have been closer to 17600-650 already!
What do you feel about this?
Here is the video link --
Thank you, and Happy Money Making!
Umesh
25-10-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
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NSE:ICICIBANK LongNSE:ICICIBANK
NSE:AXISBANK
NSE:POLYCAB
NSE:IRCTC
#ICICIBANK Shared today and 820 CE option bagged 38K alone, Just 100 % Returns !!
Option call E@ 30 and reached to 58 = 28 Points * 1375 per Lot = 38,500 gains Per LOT !!
Other Scripts shared and resulted...
#IRCTC - 11%
#AXISBANK - 5.5%
#POLYCAB - 4%
Happy Trading !!!
Buy ICICI bankICICI bank follow the good HH-HL pattern in ascending trend line.
Buy for trg of 750-760 with SL 700
"ICICI BANK - POSITIONAL BUY - TARGET 800"NSE:ICICIBANK
ENTRY 1 - 640
ENTRY 2 - 668
Place Initial Stoploss for Entry - 1 (Below Rounded Cup) - STOPLOSS - BELOW 530
After Entry - 2 is Triggered move both Stoploss below handle swing low - STOPLOSS BELOW - 620
TARGET 1 - 698
TARGET 2 - 762
TARGET 3 - 805
ICICI Bank LongICICI Bank Long
Gap up breakout with RSI confirmation
50 day EMA is strong support zone
Buy at CMP- 745 or around 735
SL- 704
Target- 790, 820
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
ICICIBANKThis is only educational purposes don't trade i am not responsible for your any profit and loss
ICIC Buy at 735 (after correction) TGT 890 SL 681 (Short term)Suggestions are based on my analysis only. Please do your analysis before taking any trade.
