IBNC trade ideas
18/10/2021 Research Report For ICICIBANKDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 730
Target 1: 740
Target 2: 760
Icici bank: Rectangle pattern pattern (Time frame- 1 Day )Icici bank: Rectangle pattern pattern (Time frame- 1 Day )
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Chart time frame -1 Day )
Trade type -Short term
Duration - 2 months
Entry - 760
Target 1 - 820
Stoploss - 730
Risk : Reward - 1:2
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Icici bank analysis - Logic and PlanEXPLANATION : This is a 15 min time frame chart of ICICIBANK . The stock has been in a consolidate for day both side potential in ICICIBANK , If break any side trade with confirmations . Enter as per your setup .
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ICICI Bank on Steroids, fires up Bank Nifty & rescues NiftyNIFTY 50 EOD ANALYSIS 25-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 18229.50
H 18241.40
L 17968.50
C 18125.40
EOD - +10 points /-0.06%
India VIX = 17.61 / +0.28%
SGX Nifty 25-10-21 1840h = Flat
FII DII = Unavailable till 1840h but likely to be negative with some buying by DIIs.
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty ended flat as if nothing has happened.
In Hindi, today’s day can be summed up as -- Khaya Piya Kuch Nahi, Gilas Toda Baraa Aanaa!
Nifty broke 18000 solid level as well but somehow managed to close flat.
Nifty has now severely underperformed to Bank Nifty. This si quite a concern as except for banks no one seems to be supporting Nifty.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 41
Top 5 Draggers contributed = 24
Net = +17
POSITIVES
ICICI Bank roared with the thunder that the results deserve.
Kotak Bank has managed to close well above 2100.
Axis Bank has also run up ahead of its results.
SBIN continues to hold 500+ levels.
NEGATIVES
HDFC Bank was shivering as ICICI Bank was catching the limelight. Its inability to sustain higher levels is a cause of concern from a short-term perspective.
Reliance failed to hold on to higher levels post its results though it closed just on the line of 2600.
ITC has been beaten down and is the new punching bag of the Nifty pack.
TRADING RANGE FOR 26 October 2021
Nifty 17900 as the new support base and 18150-200 and every few points thereafter is a resistance.
Bank Nifty is a rocket and it would be very hard for me to gauge the speed or the lack of it of this new rocket and I will wait for the price action to play out for the next few days before venturing into the support/resistance placement.
INSIGHTS / OBSERVATIONS
As mentioned in yesterday’s video, ICICI Bank was in focus, and what a strong performance on the exchange by the leading bank. I like such actions that clearly define that the key fundamental change in the bank’s performance, the NPAs has been welcomed warmly by the market.
And as expected, Reliance did not make any wild downside moves as it had been priced from the highs around 2730 and it fell 5% already ahead of the event so we will have to see how it behaves tomorrow as it has been able to hold 2600 for the day.
I am wondering what would happen tomorrow if ICICI Bank remains flat? Who will be at Nifty’s rescue?
Bank Nifty has been doing a terrific comeback after long periods of underperformance. Had it not been for the index, Nifty would have been closer to 17600-650 already!
What do you feel about this?
Here is the video link --
Thank you, and Happy Money Making!
Umesh
25-10-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
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NSE:ICICIBANK LongNSE:ICICIBANK
NSE:AXISBANK
NSE:POLYCAB
NSE:IRCTC
#ICICIBANK Shared today and 820 CE option bagged 38K alone, Just 100 % Returns !!
Option call E@ 30 and reached to 58 = 28 Points * 1375 per Lot = 38,500 gains Per LOT !!
Other Scripts shared and resulted...
#IRCTC - 11%
#AXISBANK - 5.5%
#POLYCAB - 4%
Happy Trading !!!
"ICICI BANK - POSITIONAL BUY - TARGET 800"NSE:ICICIBANK
ENTRY 1 - 640
ENTRY 2 - 668
Place Initial Stoploss for Entry - 1 (Below Rounded Cup) - STOPLOSS - BELOW 530
After Entry - 2 is Triggered move both Stoploss below handle swing low - STOPLOSS BELOW - 620
TARGET 1 - 698
TARGET 2 - 762
TARGET 3 - 805
ICICI BANK MAY HAVE A CORRECTION. RISING WEDGE PATTERNICICI bank's price has been forming a rising wedge pattern which has got broken today.
According to the height of the pole and XABCD bullish shark pattern, the target is set at 647.
The trade setup is to buy ICICI when it reaches 647 or short if there's a pullback to confirm the fall.
The stoploss here is to place at C according to both the patterns, which is not a good risk-reward ratio. So, try to buy when the price falls to 647.
Happy trading :)
This is just for educational purposes.