Inverted head and shoulder- ICICI BankWe can see clearly the inverted head and shoulder pattern. The stock broke the neckline so ready for the big move.
The target will be Rs 680 and then Rs 700.
IBN trade ideas
profit booking about to come ?IF any profit booking comes . then with resistance ( white line) as a stop loss, one can short.
but if market shows weakness one can take a short call ( RSI divergence pointing towards the weakening momentum)
previous week icici get support at swing high i thinkit is a good time for short term investing.icici bank is going to get some rally
ICICI BANK 24 OCT TRADEicici bank go up after small retest because it's cross fib retracement 63% level now it's retest and go up (#icicibank to the moon lol) simple idea or technic to trade in icicibank
ICICI BANKViews are for educational purpose only. Please consult your financial advisor before taking any trade.
ICIC BANK LOOKS GOOD FOR A UPMOVE- INTRADAY TRADE CALL FOR 21-09ICIC bank has been taking resistance from the trendline, so now we might see price breaking out tommrow.
Swing tradeEXPLANATION : This is a 1 hour time frame chart of ICICIBANK . It has formed Bullish Flag Pattern , Flag Breakout and Retest . I am seeing very good opportunity in ICICIBANK . ( use Fiboncci )
ICICI BANK; Swing & Swing Trade seen Intraday & Swing Trade ::
1. Flag & Pole pattern breakout.
2. Retesting @ 717
3. Good Risk Reward ratio
4. BankNifty bullish momentum pending
TGTs and SL as per chart.
Happy Trading :D
ICICI BANK 🚀🚀Ascending Triangle Formation
Looking for a Breakout 🚀🚀
Keep Watching !
Good Future Opportunity For Swing Trade !
ICICI Bank is squeezed ICICI Bank is squeezed and soon can give good movement there is formation of rising wedge and we can see bearish rsi divergence
ICICI Bank moving in a RISING WEDGEStock moving in rising wedge.
Recently touched the upper trend line third time.
Candles also showing exhaustion at resistance. check image below.
Check the candles after the recent quarter results were announced, Big high volume green bar. It is followed by big red bars with volumes.
Check number of red bars is more than green bars.
Red candles are of bigger size with volumes.
Combing all observations 3rd touch, Exhaustion, Big red candles. we can conclude that there is clear profit booking.
Even Moving averages are stretched.
In such cases upside is capped and short trades give better RR Ratio.
Breakout trades fail in such cases.
This does not imply downside will just like March 2020.
Plant of Action
One can short with SL at 725
For targets of 635-640 immediate.
And further downside till 550-565 can be expected. ( Purple zone )
POSITIONAL #KASH_STOCKICICI BANK: Stock moving in Ascending channel pattern and can touch the upper trendline of the channel. With SL of lower trendline trade for upper trendline target i.e., nearby 744
ICICIBANK Bouncing backNSE:ICICIBANK
ICICI BANK taking support on MA 20.
if it continues entry will be above 714-716.
ICICIBANKAppears to continue the trend.
The trend is clearly up and is currently nearing the support zone.
ICICIBANK intraday trade idea for 13th Sep#ICICIBANK : entry and exit levels on the chart (refer black/blue lines). Place SL@0.4% of the entry price. Zones (if present are in pink/orange) are the places where it's unsafe to enter. Stock should see big upmove above 724 #INTRADAY
Swing tradeEXPLANATION : This is a 30 Min time frame chart of ICICIBANK . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If gave a strong breakout and broke its supply zone with volumes and retested the same , I am bullish on ICICIBANK .
