ICICI LONG TRADE 1:3 (R:R)Two harmonic patterns at play (one medium term and one short term) converging at TARGET 1000
IBN/N trade ideas
ICICI BANK LEVELS FOR MONDAY - 24-10-2022Important ICICI Bank Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Can this go for a HnS ??Possibly going for a HnS
Entry is possible after breakdown and successful retest
Target of 100 points after retest
Keep this in radar and trade with proper hedging
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
Icici bank important support and resistance Lable Icici bank important support and resistance my point of view
ICICI Bank : HNS lurkingNSE:ICICIBANK
1. 2H Chart suggests a possible HNS.
2. If 835 does not get defended, we have a deeper TGTs downside. Follow Extensions as depicted on the chart.
3. 890 - 865 - 835 are key reaction levels where a trade can be thought of based on price action on a given day.
ICICI BANK ICICI bank on daily TF, trying to take support around the upward trend line and 21 EMA. Good to watch out for.
COMPARE BANKING STOCKS VS NIFTY & BANKNIFTYFrom 16/07/22 Below mention banking stock is Outperformed Nifty & BANKNifty.
1. KARURVYSYA (80.27%)
2. IDFCFIRSTB (69.35%)
3. INDUSINDBK (49.21%)
4. RBLBANK (42.37%)
5. ICICIBANK (27.4%)
In Banking Sector, KARURVYSYA (Karur Vysya Bank Ltd) & IDFCFIRSTB (IDFC First Bank Ltd) Outperformed Nifty & BANKNifty by huge difference. Keep both in watchlist.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
ICICI BANK GOOD FOR LONG FOR 175 POINTS.icici bank good for long
entry price- current price 848
stopped- 807
target 1- 1023
target 2- 1057
hope to see rally soon.
ICICI Bank heading down?ICICI Bank formed a powerful gravestone doji chart pattern at close today 15th September 2022. Also showing divergences in RSI/MACD
Need to be confirmed with a tomorrow close below 917.5.
Targets: 910, 905, 901
ICICIBANK - 4% upside potentialICICI Bank has given cup n handle breakout, for target of 925+
SL: 890 below
View: 1-3 days
ICICI BANK: Correction Ahead Indicator Analysis:
Prices were trading in an uptrend making higher highs and higher lows posting a high of INR 936.65 on 15'Sep'22 and subsequently retreated back on the same day forming a Hammer Candlestick pattern. Post that prices witnessed a selling pressure and broken the rising trend line established from Jun'22 low of INR 699.95 and currently trading below its 13-Day and 40-Day exponential moving average. The momentum oscillator Stochastic (13,8,5) has given an negative crossover and turned bearish while RSI (14) hovering around its 40-region.
Based on these observations prices are likely to hold below 900 region and continue the correction towards INR 800 and INR 775 (where 200-Day exp-moving average is also placed) in the coming 2-3 weeks.
Elliott Wave Scenario : Prices have concluded a five wave impulsive structure at INR 936.65 from Jun'22 low of INR 699.95 and subsequently undergone into a corrective structure trading below Fibonacci 23.6% retracement level. As per the current structure prices are likely to fall in a three wave corrective structure towards INR 800/770 which is also a Fibonacci 61.8% retracement level of the prior rally.
Hence, any recovery from the current level is likely to hold below INR 900 and lead the prices for downside correction towards INR 800 and INR 775 in the coming 2 to 3 weeks.
ICICI Bank ShortON daily timeframe it has closed below 10DMA and with rsi falling, it is good candidate for short. Take trade as per levels given on chart
ICICI BANK - DAILY CHART - 26.09.2022 - BAHAVAN CAPITALICICI BANK as per Daily chart analysis stock Below 859 then Target is 841.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
ICICI Bank - Trend Reversal below 869 on CLSB in Daily TFWould exit longs if 869 is taken out on a Closing basis. Else continue to hold longs.
ICICI Bank (Bullish Structure)NSE:ICICIBANK
Hi Everyone
This is an chart of ICICI Bank same as the structure of Bank Nifty where we are in a bullish trend which has been extended.
Currently we are in L series in which we have completed 5 wave structure in M series, but rally has been extended and we are again in M series.
Completed wave M1 and we are in correction of wave M 2. We likely to go up as long as we are above invalidation Level.
Note- We soon be providing trading view live links for update of trail sl and further neowave counts.
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If you are an our new subscribers, you wondering what is L and M. Kindly see the below chart for our coding style and click on it to view it in details.
ICICI Bank support and resistance Nifty 50 best labels of support resistance .
My point of view icici bank
ascending wedge breakout buy=905.80
target=931.15
stoploss=886.20
ascending wedge breakout with retestment.
ICICI Bank Analysis - Harmonic pattern The analysis is as shown on the chart.
This is my view and for educational purpose only
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 )
Small trade opportunity in ICICI BANK.Small trade opportunity in ICICI BANK. As the market is highly volatile. Make sure to have the correct stop loss as the trade might get reversed immediately.
Target 1: 900
Stoploss: 825
Happy Trading!
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.
