ICBA trade ideas
ICICI BANK Analysis - Weekly TF(17 Sept)1) Wave 5 took a resistance at 1.236 level of wave 4
2)Printed pin bar at Fib resistance
3) Top of parallel channel
so we can conclude high possibility for reversal(impulse wave completed)
Target:
Correction wave Started with Target of 435(0.5 level of Fib - long term )
ICICI Bank fib levels for swing trade (Learning Purpose)* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to secure our capital and profits.
ICICI Bank Intraday trade setup for 13 SeptHi Guys,
ICICI Bank support and resistance marked with trend line .
Either side breakout can give you good return.
You can take intraday position as per your analysis.
Note - Please do proper analysis and maintain strict SL before taking any trade.
If you like this content then please click like button and subscribe MarketMarathon.
Thanks!!
Icici bank - Flag breakoutNSE:ICICIBANK
context of breakout is more important than breakout itself
1) Breakout is happening at new ATH and 52 week high
2) Breakout is happening after a consolidation period of 2-3 weeks AFTER the stock ran up significantly.
this shallow pullback shows that despite the stock ran up, there are no significant sellers, stock is under institutional accumulation
Long - CMP
SL - 865
Targets - no targets, just keep trailing with swing lows and then 50 DMA
ICICIBANK perfect example for cycle stockEvery Stock is having bad phase and good phase in their life span.
Good phase will give up time cycle and bad phase will give down time cycle.
When you are trading on that time you forget the stock is up cycle or in down cycle and you trade blindly which results in draw down in your system.
Till you include the time in your analysis with price your system will not get good results.
You can take Lunar cycle as daily chart reference point for in your candles or Sun cycle in weekly time frame or cycle indicator of tradingview.
Please like and follow if you like the explanation.
ALL TIME HIGH BREAKOUT :- icici bankWhere most of the banking sector stock are struggling to reclaim all time high
Two stock i:e icici bank and sbin trading at all time high
And getting ready to give another breakout
As i posted earlier chart of sbi
Now icici bank will buy after a breakout
Target 1000
Sl 846
ICICI BANK CONTRA Icici bank looking weak on daily chart by breaking a curved support trendline and giving a bearish divergence on RSI indicator it is so early to say by only one candle for a breakdown in it but both things are indicating coming bearishness in this stock by the chance Indian indices also looking supported for contra trades in coming sessions.
ICICIBANK Levels and directions as per Gann Angles#MarketGeometry, #GannAngles
Attached charts shows Up/ Dwn price movement targets and levels as per Gann Angles.
Closing below or Above and crossing the previous day price near levels confirm the further movement or very likely to change the trend as shown in past price action