IBNC trade ideas
ICICI BANK target 1000 - 1045 11.09.2023ICICI Bank is looking bullish with following factors
1. RSI on weekly and Monthly time frame is above 60
2. Narrowing Bollinger Bands
3. Price above 20 SMA
4. Major support at 930-948 levels
One can look to buy with dips with SL below 930 and target 1000- 1050
Disclaimer: I am not an expert I just share interesting charts here, Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ICICI Bank 1hrs time frame EWT AnalysisICICI Bank EWT Analysis
Validation level 941.25 dated 12.07.23
Minor degree 1 from 941.25 to 1008.70, subdivided by minute degree ((i)) ((ii)) ((iii)) ((iv)) ((v)).
Minor degree 2 which is corrective wave subdivided minute degree ((w)) ((x)) ((y)) which is
double combination of corrective wave which is called double correction of
(a) (b) (c). It does not break starting point of Wave 1. (price 941.25) and double
correction is up to 85% range (price 946) of wave 1.
Minor degree 3, I anticipate minimum 100% up tp 1040.
Minuette degree validation level 946 dated 18.08.23.
Minuette degree wave (i) completed from 946 to 982.40, dated 24.08.23
subdivided by subminuette degree i ii iii iv v.
Minuette degree wave (ii) is corrective wave (w) (x) (y) completed 85% of wave (i)
price 950.80. It does not break wave (i).
Wave (w) is Regular flat a b c.
Wave (x) is link wave
Wave (y) is Zigzag a b c
Minuette degree wave (iii) I anticipate minimum 100% or 1.618% (price 987- 1010)
key level 970 falling trend line or b point of zigzag
Thank You
Disclaimer
it is my personal research before taking any trade please advise your financial adviser. I am not SEBI Registered Financial Adviser.
ICICI Bank 958.2 is the perfect entry
Weekly chart is showing that all the 5 waves of previous cycles have been completed; and thereafter counter waves AB&C have taken base at the impulse drawn in white.
High of the sub wave 3 is 958.2. There are still two days remaining for the week to end. Structure at the lower levels is not yet bullish. Market may make a quick move in the beginning. Please refer to my previous discussions on this stock. Link provided.
Dont get trapped; mark yesterdays high and then only buy.
I am not a SEBI Registered analyst. Please consult your financial advisor before making a decision.
ICICI Bank Ltd - Aiming for 4 Digit in India.ICICI Bank Ltd - One of the largest private sector bank. Profit increasing on each quarter and last 2 years. Decreased provision in last year. Stock near it's 52 week high. Stock is shrinking between it's multiple year long trending resistance and support lines. Stock looking good and a sharp move can be expected at any time.
QUICK ANALYSIS ON ICICIBANKDear Indian Traders and Investors, I made a quick analysis for you on ICICIBANK to let you know that you still can buy it since the market is following the strong support level that it couldn't break for the past 3 years, and the price will go for longer.
The comment secion is all yours for further questions!
ICICI Long above 955.54
Simplest depiction of Gann Analysis, on daily chart. Simple Mathematics. Don't indulge into complex analysis or the traps created socially. Keep it as simple as possible.
Trade with confidence; when proper levels come and maintained.
This is just for educational purposes. I am not a SEBI Registered Analyst. Please consult your Financial Advisor before making a decision.
Trade with confidence; when proper levels come and maintained.
ICICI Bank - Boom------
The Picture explains every thing.
Attached is the 1H Chart for better understanding and execution.
The author uses confluence of Gann, Fibonacci, Wycoff, Pythagoras, Wave Analysis along with his proprietary indicators for easy analysis.
Analysis is one part, but execution is the other.
Please trade with discipline, using other indicators like Williams R%, SMAs, EMAs.
Disclaimer:
This is only for educational purpose and not a recommendation. Please consult your financial advisor before making any decision. Author is not a SEBI Registered Analyst.
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