ICICI Bank - At Long Term Support LevelThe chart depicts the current price structure in ICICI bank. Key points✅
✅in weekly chart, price movement in rising wedge and in past, significant return generated from support level
✅currently price at long term support level.
✅in daily chart, price moving in parallel channel between Rs 940 to Rs 1000
✅above 200 ema but below 50 &20 ema
✅potential return 10% from current level with favourable risk and return factor.
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
IBNC trade ideas
ICICI Bank Update
Sell ICICI Bank below 03-12-2023. Target 990
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
ICICI Bank - Target 1275 +Stock is in the most powerful wave of its lifetime, minuette 3, of minor 3, of primary 3 of Cycle 3!
All the previous waves, of this cycle 3 (primary 2, minor 2), have been defying all the fib retracement levels so far by big margin. 200 daily EMA at 925 and anchored VWAP at 924 is showing good support.
Will write more detailed analysis later, I am going long big time on this!
NB - I am also enthused by phenomenal results declared for Q2FY24, not because of numbers, but because of structural marked improvements in core business, low unprovisioned writeoffs, and focus on retail which is the key driver for NBFCs/banks post corona. As an insitution, it has always been having good quality employees.
Detailed writeup during weekend.
ICICI Bank ready for 985 and 1040 buy on dipOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ICICI BANK 1D TF Analysis -2/12Current formation - Triangular Break out
Took a support at Fib 1.618 level +bottom of parallel channel
Possibilities:
1) If it closes above 946 level, there is high possibility that it will reach all time high again
2) It can take a resistance at current level and can again take a support at bottom of parallel channel
First Target:
up - 999
down - 908
ICICI Bank
Look at the picture in the chart in the light of following points:
1. The price of the stock is showing its resistance at the trend Line drawn by way of Fibonacci Spiral from 950.35 to 935.1.
2. White Horizontal Line drawn at 940.9 is another resistance.
3. Buy only above 940.9.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
icici chart patternicici trade idea Daly candel i watch this chart without any news influence chart chlne ke bad news chanel isper news bnate hi . sab kuch hotta hi news chanel dekho per uper apne chrt per hi trade kero . volume keya hota hi ye jan lo ager price uper ya nicche jaye to usdin ke candel ka colour usme dalde te hi bas .
ICICI Bank update
In continuation to my previous ideas on the stock please read the following carefully:
a. Very Bullish in the long run.
b. In the short run, still trading below 200 SMA.
c. Yesterday it was Tuesday, so the level of 930 which was the major hurdle can be crossed today and if stock trades above 931, it becomes safe.
d. Price should trade above this candle 11-23-23 3:07 PM. then only buy.
f. This candle for today is most crucial 11-29-23 12:56 PM.
g. Please do not take delivery of any stock before 4th December 2023 12-4-23 12:37 PM, just trade so that no risk is taken and opportunity is also not missed.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
ICICI Bank - Execution Levels and Time Candle
Provided are two candles
(a) 11/23/23 3:07 PM (Pivot Candle)
(b) 11/28/23 10:21 AM
Price should be above both of these candles because in Daily Chart price is above 200 SMA, but in hourly chart, it is below 200 SMA,
Also, in first Idea today I mentioned that options levels for last week were from 900-930. So, don't be in haste.
1. There are two thick lines drawn, with pink line as the support and white line as the resistance over a period of last three years.
2. Then there are 6 channel drawn, 1 to 5 showing 5 Elliot Waves and 6 Showing correction in ABC.
3. In between is my indicators showing only S3 Levels; others being switched off.
4. Now check the last leg of S3 Levels on the right. 922.75 is providing support and here 200 MA is lying. I have not drawn it.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
ICICI Bank Update
I have used same words on the chart. First read them here and then going to daily chart in consonance with the figures.
1. There are two thick lines drawn, with pink line as the support and white line as the resistance over a period of last three years.
2. Then there are 6 channel drawn, 1 to 5 showing 5 Elliot Waves and 6 Showing correction in ABC.
3. In between is my indicators showing only S3 Levels; others being switched off.
4. Now check the last leg of S3 Levels on the right. 922.75 is providing support and here 200 MA is lying. I have not drawn it.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
ICICI Bank - More than Bullish
After doing a detailed analysis of 1 to 5 Elliott Waves and then counter waves of ABC, I have tried to present the things in simplest possible manner by way of drawing only the pitch fork and a white horizontal line.
Buy the stock so long it remains above 924.5 as was mentioned by me in my live session. Remember, in the last week option chain was between 900 to 930. Do not be in haste, let it maintain the above level.
I will try to publish 3 ideas on the stock today itself. Watch all of these to be more comfortable for execution.
Thank you,
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Positional_ ICICI BankICICI Bank looks good for a positional/swing trade.
Buying above Rs 642, SL Rs 629.50, Target to be updated soon.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
ICICI Bank - Bullish
1. Please refer to my yesterday's Live Market Analysis on ICICI Bank where I recommended a buy; above 924.5.
2. The logic is that it is swing level of 25% on hourly chart.
3. Here, a trend line has been drawn is white on the weekly chart which is clearly showing up move of the stock here.
4. Also drawn is a copper line which is showing target line of the stock is future.
5. Also provided are the price swing levels.
6. Now, if you remember on ideas for some other stocks, I mentioned that pivotal candle for Indian market is 11-21-23 9:56 AM. ICICI Bank made base exactly from there and ran above.
(Before I discuss any further, please note two things about timings: (a) Your trading -view timing should be set to UTC+5:30, (b) Whenever a one minute candle is recommended, that is 100% accurate level, then why candles move up and down after that, could be your question in mind, the reason is that at that level stock may not be in perfect over bought or over sold condition; and secondly moving average curves may not be in perfect position; so, it takes up to three hours for price to settle at that price).
7. Now how to trade it? Please open 1 minute chart and apply 8, 20, 50. 100 and 200 SMAs. If moving averages are in perfect order at that time it good, else wait for the level to be formed on this candle and 200 SMA to come above the high of this level. For practice purpose, please open yesterday's ICICI Bank Chart in 1 minute and check. Similarly, it should be in reverse order, if a sell time candle is recommended. For practice, you may use HDFC Bank Chart.
8. How to trade today? (a) Price should remain above yesterday's 9:56 a.m. Candle, again it should not break yesterday's candle of 2:22 p.m. candle and today's important candle is 12:32 p.m.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you
ICICI BANK ( Looking to invest 💥)Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - "972" .
Trade carefully untill ENTRY level.
.
Entry: 972
target: 975 - 985
sl: 965 -960
major stoploss/ support: 960
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer over old posted idea attached below.