IBNC trade ideas
Cup & Handle breakout signal in ICICI BankToday's candle marks the break out of the Cup & Handle pattern in ICICI Bank's daily time frame chart.
We may see a couple of days of profit booking due to the following reasons:
1. F&O Scrip
2. Near lifetime High
3. Has been closing in green for 8 consecutive days
But, don't fret. Good days are only going to be ahead. I will suggest accumulating on every dip with an SL of 837.6 from the medium to long-term view. From a short-term perspective, one can have an SL of current swing low i.e. 891.25. Both are on a closing basis.
ICICI bank - Cup & Handle boCup & Handle breakout
1) Strong trending move
2) shallow pullback after a big move, progressively weakening sellers on next wave of selling
3) Quick shakeout within the handle and price moving back up quickly
4) RS consolidating at all time high while price fluctuates in narrow range
this is a weekly tf structure and will play out over next 8-12 weeks
ICICI Bank ConsolidationICICI Bank is currently consolidating in a channel formation in Hourly Charts. Any up move above 920 Levels with good volume can bring fresh breakout in this stock in Short Term.
Do not pre-empt this… Fresh Longs only if the stock is above 928 with good volumes. If Stock breaches 895 Levels we may see Lower levels.
Bullish flag pattern breakout in ICICIBANKICICIBANK
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakout of bullish flag Pattern.
📊It can give movement up to the Breakout target of above 1020+.
📊Can Go Long in this stock by placing a stop loss below 910-.
📊Breakout can give risk: reward up to 1:10+.
ICICI bankPrice has formed a rounding bottom. It may form a handle or gain volume and give a break out. Buy above 923 with the stop loss of 918 for the targets 928,933 and 938. Any one who trade with strategy and manage risk can become a profitable trader. Sell below 915 with the stop of 920 for the targets 910, 905 and 900. I will take the trade after understanding trend strength.
ICICI BANK- READY TO BOOM~The chart of ICICI BK is looking bullish.
~RS and RSI IS STRONG.
~Currently it is move to run after consolidation.
~S.L.is given on the chart.
~TARGET will be according to the chart movement. i.e. when the chart will change its direction i will exit.
~Link of the previous chart is given below..
ICICI bank for intradayNSE:ICICIBANK
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
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This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
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You are solely responsible for any decisions
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ICICI BANK case studyICICI BANK SPOT CMP 917
Chart pattern study
Time Frame :- 240 mins
Symmetrical triangle pattern formation
Bearish divergence on RSI with respect to price
Suppy resistance zone around 922-936 levels
View gets negated above 945 levels on closing basis
Range of 922-936 should be used to exit long positions
Fresh investment recommendation above 945 levels
Down side 892 would act as intermediate support levels,, which can be considered as pivot levels,
If counter falls below this levels, Bullish trend might end and retracement till levels of 842 can be seen.
Time to take profits in your investments.
icici support and resistance, long and short opportunity icici bank is now moving toward support, short term supoort i have marked with red colour which is approx at 883 to 888, if price sustain here and give breakout to upper side, then we can initiate long from here, other wise wait for the price to break this line, after breaking this ling price will come back again at this line and then we will have the move for short, can short the icici from that level.
best of luck
ICICI Bank Parallel Channel: Swing TradeNSE:ICICIBANK is in a parallel channel, where the current price action is at the bottom of the channel.
So, it' a nice swing trading strategy to buy around 900 and sell once around 960. If sustains above 960, buy and then sell again on 1020. Roughly 120 point range play.