IBNC trade ideas
ICICI bank liquidity grab & failed BOSICICI Bank tried to break structure but couldn't close above it hence giving a failed BOS. The candle that created the failed BOS has a big upper shadow further indicating a liquidity grab. Therefore, shorts can be taken with today's high as SL & target at friday's low & even lower.
#POSITIONAL STOCKICICI BANK:
The stock looks good on the daily chart, It is moving in the ascending channel pattern and has shown support at the bottom of the channel trend line, also showing the reversal from the support. RSI also showed the reversal. So we can expect a good move and can expect 900+ levels in the coming days/weeks.
Request you please do your own study before any trade. It is just my view that can be wrong at any point of time.
Demand in ICICI BANK LTDA new resistance has come through ICICI Bank and the price has moved downwards from there.
A good bullish move was seen in the market when the resistance was broken by the market.
A good move to the downside can be seen if the market breaks the 915 level.
Strong resistance currently acts as strong support.
If the market cannot break the level of 915 then the market can move to the upside.
Downward target
T1 = 915
If the market breaks the 915 level
T2 = 905
T3 = 985
Thank You
@Money_Dictators
ICICI BANK
NSE:ICICIBANK
Time frame : All Levels to be followed on Closing basis only. Makets at all time high so intraday Volatility may persist.
Chart Pattern Identified : BEARISH WOLFE WAVE
In its bearish version , the highs and lows are increasing and herald a downward reversal of an uptrend.
1) A significant maximum is formed, preferably an absolute maximum ( point 1 )
2) The price falls and forms a minimum ( point 2 )
3) The price rises and forms a subsequent maximum higher than point 1 ( point 3 )
4 ) The price falls and forms a subsequent low higher than point 2 ( point 4 ). Trendlines constructed by joining points 1-3 and points 2-4 must converge.
5) Point 5 is the maximum following point 3 and must cross the trendline joining points 1-3. This means that a "false breakout" from the pattern must form.
This point determines the completion of the pattern and the OPENING OF A BEAREST POSITION because according to the pattern, a new wave should form from this point and extend beyond the pattern.
PRICE and TIME TARGET
Following Wolfe's principle, we can set our PRICE TARGET at the point where the trendline extension passing through points 1-4 will intersect the price line . INTERMEDIATE TARGET is also set by placing it at the price level of point 4 , then we can also try to extend the final TARGET.
A valuable indication of the Wolfe pattern is tempo.
In fact, by extending the trendlines of the figure up to their intersection, a time target is identified, i.e. a hypothesis on the period of time necessary for the prices to meet the trendline that identifies the target price (ETA=Estimated Time Arrival ).
If once you get close to the ETA point, the price hasn't reached the target, you should consider exiting the trade.
STOP LOSS
The stop loss should be positioned above the maximum of point 5, perhaps slightly higher.
ICICI Bank: Go for ShortICICI CMP: 902
ICICI Bank Ltd is India`s second-largest bank.The service offered by the company includes Deposits,Loans ,Cards,Investments & Insurance & Demat. In the NRI segment services offered include Money Transfer,Bank Accounts,Investment,Home Loans,Insurance,Loans against FD,etc.
Short Below 900
Target : 893-890
SL: 905
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
Note: This is not Paid only for Educational purpose.
ICICI Bank : Swing Trade for +1.62% upside potential14 Dec 2022
Nice consolidation for past 2 weeks can be seen in the stock, 936 zone is respected for the said period, likely BO
Trade can be above 936 with stop below 930 for potential Target of 939-943-947-950
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
bearish wolfe wave at the start of the month a bearish wolfe wave was completed n ICICIBANK charts, the trade has good risk to reward of 3.61.
Disclaimer- i am new to this concept so if i am wrong in drawing please feel free to point the mistake, i have been practicing it since the f2f of Mr Vivek Bajaj aired.
ICICI Bank: Chart set up and trading strategyICICI Bank
The stock is trading near resistance at 936-944 zone
Given the set up, one may consider a Bear Call Spread strategy for December series
Sell 940 Call option (currently around 13.4 &
Buy 960 Call option currently around 6.1
The strategy has a max profit potential of approximately Rs 10037.5/- per strategy and a yield potential of approximately 13.5% on Margin
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ICICI BANK - DAILY CHART - 08.12.2022 - BAHAVAN CAPITALICICI BANK as per day Chart Analysis Stock ABOVE 933 TARGET 940
FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week.
Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement.
Happy Profitable trading to all...
ICICI BANK TARGET ATH ICICI BANK this stock visible surely in uptrend although waiting for a breakout which will be a triangle pattern breakout on two hour timeframe chart could happen after when it able to break falling trendline resistance and close above on that in this condition target would be around 960 levels where it is facing up trendline resistance mentioned on chart.
[Diary] ICICI Bank Wedge Breakdown BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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