INTRADAY SELL - ICICI@949 TGT@943.5 SL@952.50Hi all, Its time to sell icicibank. closed below vwap and macd in red as well as price trading closed below SMA level
IBNC trade ideas
ICICI BANK Retracement expected and target 970ICICI Bank Retracement expected before it can go down.
Target : 970. This is my view and Option traders can take a call according to your plan
ICICI Bank Potential Bullish SignalI am bullish on ICICI Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 963. I am looking for the stock to reach a target of 1010 in the next 2-4 days.
Entry:
I would enter a long position on ICICI Bank above 963. I would use a stop loss of 960.
Target:
My target for the trade is 1010. I would exit the trade if the stock closes below 960.
Risk:
The risk on this trade is 40 points, or 4% of the stock's current price.
Notes:
This is just a trading idea and not financial advice.
Please do your own research before making any investment decisions.
Here are some additional factors to consider when trading ICICI Bank:
The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for ICICI Bank to break out of its current trend.
The news flow. Any negative news about ICICI Bank or the banking sector could weigh on the stock price.
The technical indicators. The relative strength index (RSI) is currently above 60, which indicates that the stock is overbought. This could lead to a pullback in the near term.
Overall, I believe that ICICI Bank is in a strong uptrend and that the stock has the potential to reach 1010 in the next 2-4 days. However, investors should carefully consider the risks before making any investment decisions
Breakout confirmation Good bank
All time high
52 week high
Breakout happen
Retest done
Upside potential by 20%
ICICI Technical Analysis: Near All-Time HighCertainly, here's a brief analysis script based on the provided observations:
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**ICICI Technical Analysis - Rejection from Support and Consolidation (Daily and Weekly)**
**Observations:**
**Daily Timeframe:**
1. **Pin Bar Rejection:**
- ICICI (Ticker: ICICIBANK) is displaying a pin bar candlestick pattern on the daily chart.
- The pin bar indicates price rejection from a significant area of support.
2. **Consolidation near 50 MA:**
- The stock's price is currently consolidating around the 50-day Moving Average (MA).
- This indicates a potential equilibrium between buyers and sellers.
3. **Channel Trendline Respect:**
- The stock's price movement is adhering to a channel trendline, suggesting a consistent trend direction.
**Weekly Timeframe:**
1. **Continuation of Pin Bar Rejection:**
- The pin bar rejection observed on the daily chart is confirmed on the weekly timeframe, indicating the significance of the support level.
**Targets:**
1. **All-Time High Trading:**
- ICICI is trading at a level near all-time high, which implies a strong bullish momentum.
2. **Managing Upside:**
- Since there are no specific targets due to the all-time high trading, investors can consider managing their upside based on their preferred risk-reward ratio.
- A recommended risk-reward ratio is 1:2, indicating that potential profits should be at least twice the potential losses.
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This analysis is intended for educational purposes only and is not financial advice. Traders and investors should conduct their own research, consider their risk tolerance, and consult with financial professionals before making any trading decisions.
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Remember that while technical analysis provides insights into potential price movements, no strategy or analysis guarantees profits. Always exercise caution and consider various factors when making investment decisions.
ICICI Bank - Breakout RetestBreakout retest done..
Long at current price with stoploss below 950.
If the stock breaks out..it'll go into a new high...
ICICI BANK Looks Sell SideAs Per Technical Analysis and OI Data ICICIBANK Looks Bearish.
ICICIBANK will face resistance Near 1005-1008 Level if its break then probably it will test 1030-1045 Level and If its break support of 988-985 then it will test 960-950 level.
i am taking hedge Position in this Stock.
August Series
Buy 1000 CE Near 21-22 and Sell ICICIBANK Future Below 987 Level Stop Loss 995, Target 975,970
Investment Required - 45000
Trade-11/100-ICICIBK-R:R Experiment-Buy11th trade in the series
Buying ICICIBANK find in hourly swing trade
ICICI Bank Bearish SetupICICI Bank has a clear bear setup with negative diversion. Market has rejected the 1000 levels thrice in a span of just 1 week and not able to close above the resistance. A closing below 990 level will further validate the journey till 960.
#icicibank#banknifty
BREAKOUT, ICICI BANK, 57% RETURNS!!!BUY - ICICI BANK
CMP - Rs. 992
Target - 1: Rs. 1142
Target - 2: Rs. 1293
Target - 3: Rs. 1478
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Link to the previous chart -
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Timeframe - Target -1: 1- 3 months, Target - 2: 3-4 months, Target - 3: 4-6 months
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Technicals - Cup and Handle Pattern Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
ICICI BANK Cup & Handle BreakoutICICIBANK Cup & Handle Breakout "But"
Weekly Closing Required Above 1001.5
Buy Above Weekly Close 1001.5
SL - 952 ( Weekly Closing )
Target - 1121
ICICI Bank- 3rd attempt to cross 960, will it succeed?960 is upon us again. ICICI Bank has a number of factors lined up this time. However there is one missing piece that i would like to see fall into place to confirm this breakout
Several breakouts in ICICI Bank have failed in the last 12 months. This time maybe different
Other banks like Axis, PNB are moving strongly, so a move in ICICI Bank was expected
The sellers at 960 may have been cleared last time when we came up in June. Then the stock was overbought - this time it isnt
Results on the 22nd of July - this maybe a classic earnings run by people who know
Overhead supply this time is far less - and hence pull to 970 is likely. Dont buy the break, but wait for the retest of the high to buy it in the safest possible way
Additionally call premiums are very low - they are discounting results. So basically get a free hit on the results:)
Get Ready for the sharp correction in ICICI BankI have posted the Video recording in my youtube channel 8wavestosuccess. please check the details there, also like and subscribe to it to get the latest update on the stocks. if you would like me to do analysis of any other stock of your choice you can put that in comment section.
BREAKOUT, ICICI BANK, 40% RETURNS!!!BUY - ICICI BANK
CMP - Rs. 936
Target - 1: Rs. 1142
Target - 2: Rs. 1293
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Technicals - Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
H & S - ICICI BankForming Head and shoulder pattern if it falls below 935 on closing basis sell the stock for 923 and 895 with a stoploss of 942. If it sustains for 3 trading days leave the wait for closing below 936 and stock will go sideways then
$ICICIBANK - Weekly Chart AnalysisAn ATH(all time high) Weekly Close. Respecting the up-trend line. Taking support of key moving averages on every correction. Decent consolidation before breaking out. Now it shall sustain at these levels. As per the trend based Fib extension possible target levels comes to 1400-1600 levels.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter please due your own due diligence and trade on your own risks.
ICICI Bank set to Dethrone HDFC Bank!Attached: ICICIBANK/ HDFCBANK Weekly Chart as of 5th May 2023
The above Ratio Chart is Significantly Bullish and suggests that in the coming Weeks/ Months you will see Money flow from HDFC Bank to ICICI Bank (which means ICICI Bank will relatively Outperform HDFC Bank and you are better off going own ICICI Bank instead of HDFC Bank)
Bullish Evidence as follows:
- Massive Inverted Head & Shoulder Bottom Pattern has formed implying Upside for the Chart
- RSI in a Bullish regime since October 2017
- The RSI Bullish Divergence that started in October 2017 also marked a Trend Reversal point for the Chart, prior to which the Trend was Down
- Higher Highs and Higher Lows clearly point to an Up Trend in this Ratio Chart
- Fundamental Analysis of ICICI Bank too is confirming with this Chart
As an Investor,
you are better off Owning ICICI Bank and Dumping HDFC Bank
And as a Trader,
Long ICICI Bank NSE:ICICIBANK and Short HDFC Bank NSE:HDFCBANK makes for a Highly Profitable Pair Trade
Icici Bank chart analysisPossibility of icici bank ,chart analysis, support and resistance, demand and supply
ICICI BANKClean weekly breakout .Cup & Handle pattern
Buyable at slight dip of cmp
Target 1130
Track Icici bank
ICICI Bank is riding the cup neck breakoutprice spikes above cup next is resulting in huge spikes in ICICI Bank..... more upside is visible as per chart and any meeting expectaion or any small positive view on results to give easy huge gap up monday
ICICI BANKICICI Bank looks good for
an upward move upto 100-150points.
First hurdle is green Trend Line.
Very good volume seen in the last 4 weeks.
SL 915
