IBN trade ideas
icici bank trade setup icicibank working on a new strategy
on that basis target comes exactly at 719.55
lets see if works or not
ICICIBANK Bullish Trend Hello Traders,
This is Muthu
Following are my analysis:
ICICIBANK
1.rising wedge pattern breakout done
2.wait break upper resistance line break
3. after u can target 1 and 2
icici Bank Expecting Short term gainStrong Breakout happened in daily with supportive of bank nifty
Strong price action seems momentum may continue for further
ICICI Bank- Taking flightICICI Bank has broken into unchartered territory with attaining an ATH. I have also plotted the Fib retracement for the fall in March 2020 and the chart pattern has played out the Support n Resistance levels at the the key levels of Fib retracement. Now the chart has also broken the 1.618 level mark and expect it to continue its upward journey to the next level of 2.618 which shall be somewhere close to 981. There is an immediate support zone at 670-680 levels which was the immediate resistance which was broken recently. The vol. profile levels from 1 to 1.618 show a strong value zone at 625-630 levels which shall act as the medium term support.
Guys let me know if you can value add further on this analysis. Let me also know if I am going wrong in the analysis.
ICICI bank Cup and handle breakout TARGET670-680-690-700-750-800ICICI bank Cup and handle breakout TARGET670-680-690-700-750-800+
CMP 648
TIME DURATION 2-3 MONTHS
SL BELOW 610
ICICI bank forming ascending triangle ICICI bank forming ascending triangle heading for a potential breakout. Only caution is it has a momentum bearish divergence
ICICI BANK - symmetrical traingle + cup and handleis it worth entering icici at current level for target of 710 in very short term ?
ICICIBANK intraday trade idea#icicibank #SBICARD entry and exit levels on the chart (refer black/blue lines). Place SL@0.4% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter. #INTRADAY
P.S. Whenever it gives major closing above 700 in 15min tf, buy the nearest call option of banknifty. A big move can be seen there
ICICI BANK analysis for 2 aug.BUYING SIDE.
If the touch support and will go up side (1 T =700).
SELLING SIDE.
if break the support and will go down side (1T =640).
AND also ICICI BANK has made cup and handle pattern in 30 min chart.
ICICIBANK - All time high
Stock continuously outperforming banknifty
currently at ATH : shows strength in price structure
ICICIBANK CUP N HANDLE PATTERN BO ZONE. SWING TRADE OPPORTUNITYNice Cup & Handle Pattern formed and its very near to BO zone at Neckline of Pattern.
SWING TRADE OPPORTUNITY
BUY ABOVE 675 FOR TGT 750-840+ WITH STRICT SL @ 600
ICICI Bank Breakout Retest DoneICICI broke out and now has retested the breakout level and trading above it. I would go long at CMP with SL of 500 on WCB. Target would be ATH and above
elliot wave labellinglabelling done using following rules
for impulse
1)wave 2 should not retrace wave 1 entirely
2)wave 3 cant be shortest
3)wave 4 cant enter wave 1(except diagonal)
for flat with truncated wave c
1)wave b should at least retrace wave a by 80%
2)wave c should at least reach 61.8% extention of wave a.
for zigzag with truncated wave c
1)wave b should not retrace more then 61.8% wave a
2)wave c should atleast reach 61.8% wave a extention.
correction completion 2 stage confirmation rules
1)stage -1 confirmation: 0-b trendline must breach in less time than wave c took to form
2)stage -2 confirmation: wave b should also be taken out or crossed in less time than wave c took to form.
Labelling information
cycle degree: yellow
primary degree: white
intermediate degree: red
minor degree: green
apply fib rules for wave 2,3,4,5,b,c waves targets and trade accordingly by following a trade plan which gives entry and exit signals with target and stop-loss and follow risk management for effective trading results.
ICICIBANK: On a Bullish Trend
Technical Analysis of: NSE:ICICIBANK
The Elliott waves Cycle Oscillator is indicating a detection of an impulsive (ascend) wave. The Elliot wave is showing an IMPULSIVE movement, showing an UPTREND . From 653.50. The waves 1, 2, 3 and 4 is completed at 653.50, 545.80, 664.60 and 620.30 respectively.
From the point 620.30 wave 5 is starting and projection range for wave 5 is in between 654.57 and 665.00
Seeing a Bullish trend further ahead, the RECOMMENDATION is to BUY .
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
ICICIBANK- possibilities of channel BOSLow & steady wins the race. It will break the channel may be in 1 or 2 weeks.
But for tomorrow it may create HL, due to weakness in the volume. Lets see
ICICIBANK Long ( Double Bottom )We can see a double bottom in 1 hour . we can expect the price to be moving above forming a ' W ' pattern . we can expect the price to be going above 665.
But there is still a little chance of the price bouncing back at 643 resistance if it bounces then there is chances for the price to drop till 593
icici bank breakout!icici bank has given a breakout !
buying can be seen only if resistance zone acted as a support zone!
this in not a financial advice only an trade idea!
ICICI Bank Flag or Descending TriangleICIC Bank is trading in a range which is narrowing.
Breakout or Breakdown may give a good trade.
Long Bias.
Happy Trading
