IBNC trade ideas
ICICI Bank Ltd view for Intraday 11th Jan #ICICIBANK
ICICI Bank Ltd view for Intraday 11th Jan #ICICIBANK
Resistance 1275 Watching above 1290 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Support 1240 Watching below 1237 or downside movement...
Resistance area 1275
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI Bank Shorting Opportunity Confirmed: Multiple Bearish SignThe broader market has entered a bearish trend, and ICICI Bank, a less-moved stock compared to other banks, is now showing signs of catching up.
Technical Confirmations:
Trendline Break
Ascending Triangle Breakdown
Lower Lows
Entry for Short : 1245-1243 Range (Can Take 1240/1260 PUT Option Current Month Expiry and/or Next Month Expiry to avoid Volatility)
Target : Open/Mentioned.
STOP Loss : 1275/Swing High
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how to be professional traderEducation: Begin with a solid foundation in finance, economics, or a related field. Many traders benefit from a formal university degree, which helps them understand complex financial concepts and market dynamics. Understand Market Fundamentals: Knowledge of fundamental analysis is crucial.
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ICICI Bank Ltd view for Intraday 7th Jan #ICICIBANK
ICICI Bank Ltd view for Intraday 7th Jan #ICICIBANK
Resistance 1275 Watching above 1277 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Support 1240 Watching below 1237 or downside movement...
Resistance area 1275
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI Bank Ltd view for Intraday 6th Jan #ICICIBANK
ICICI Bank Ltd view for Intraday 6th Jan #ICICIBANK
Resistance 1275 Watching above 1277 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Support 1240 Watching below 1237 or downside movement...
Resistance area 1275
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI BANK : Triangle Consolidation (May Breakdown)CICI BANK may give a breakdown by closing below 1270
sell below 1270 with stoploss with tgt1 1233, tgt3 1142
as price goes up trail your stoploss.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
ICICIBANK // levelsAs of January 1, 2025, ICICI Bank Limited (ICICIBANK) is exhibiting the following support and resistance levels:
Support Levels:
Immediate Support: ₹1,278 – ₹1,274
Next Support: ₹1,268
These levels suggest that if the stock price declines below ₹1,278, it may find support around ₹1,268.
Resistance Levels:
Immediate Resistance: ₹1,288 – ₹1,294
Next Resistance: ₹1,298
If the stock price surpasses ₹1,294, it could encounter resistance near ₹1,298.
These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions.
For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful:
ICICI Bank was incorporated in 1994 as a part of the ICICI ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
The objective of ICICI bank is to meet the needs of the private industry for long and medium-term funds in the private sector. In general terms, the main functions are: Assistance in the formation, development, and modernization of business in the non-public sector.
ICICIBANK Support & Resistance As of December 26, 2024, ICICI Bank Limited (ICICIBANK) is trading at ₹1,297.25. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,290.17
S2: ₹1,283.08
S3: ₹1,275.92
Resistance Levels:
R1: ₹1,304.42
R2: ₹1,311.58
R3: ₹1,318.67
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
ICICIBANK Support & ResistanceAs of December 24, 2024, ICICI Bank Limited (ICICIBANK) closed at ₹1,296.80, reflecting an increase of 0.65% from the previous close.
The following support and resistance levels have been identified for ICICIBANK:
Support Levels:
S1: ₹1,290
S2: ₹1,283
S3: ₹1,276
Resistance Levels:
R1: ₹1,304
R2: ₹1,312
R3: ₹1,319
These levels are derived from technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
ICICI potential breakdown or moving towards ATHICICI has been trending upward over the past year, consistently forming higher highs while finding support at the trendline. However, this time it appears to be forming a double top pattern, which could be a reversal signal.
There was sudden increase in volume on 20th Dec but could not take the price upward but manage to find support of trendline & 50 MA.
If the stock breaks below the trendline, it may lead to a sharp decline else we are definitely moving towards new ATH.
ICICI BANK : BreakoutICICI BANK has clearly given a breakout by closing above 1340.
Buy here with stoploss 1313 with tgt1 1370, tgt2 1410, tgt3 1472
as price goes up trail your stoploss.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
ICICI bank to test Pivot Levels , Selling may Continue till 1280After two Consecutive Selling sessions , it may or may not be a bearish moment in immediate session but to test pivot levels at 1280 and may bounce back to Higher Prices ,
Forming Lower lows consecutively , but didn't step into oversold zone still as per RSI ,
the 3 month trendline and Moving averages on daily chart shows it may test the pivot levels sooner ,
FII net buyer today but still prices were lower , if trend continues the FII may become selllers too , before going up , the prices may see some correction till 1280 in near future .
May hold buying or go short for short term .
ICICI bank Selling Pressure and ConsolidationHaving its median around 1340 for 18th Dec , and previous closing at 1333.75 , May open higher or at the closing the next day if the Selling Pressure continues it may reach till 1314 which act as a very strong support , at weekly and monthly also , but the trend for icici may change to Bearish .
Average Volume and price decline indicates Short build up , bearish sentiments may continue if the bank nifty is in selling pressure .
ICICIBANK Support & Resistance for the dayHere are the current support and resistance levels for ICICI Bank (as of December 2024):
Daily Levels (Intraday)
Support Levels:
S1: ₹1,320.95
S2: ₹1,312.65
S3: ₹1,303.75
Resistance Levels:
R1: ₹1,338.15
R2: ₹1,347.05
R3: ₹1,355.35
Weekly Levels
Support Levels:
S1: ₹1,301.03
S2: ₹1,273.07
S3: ₹1,250.03
Resistance Levels:
R1: ₹1,352.03
R2: ₹1,375.07
R3: ₹1,403.03