IBN/N trade ideas
ICICI BANK - will it BO or reverseICICI bank may breakout the channel from 2017, since banknifty is not performing like nifty50. Nifty going to set new ATH but Banknifty still 2700pts lesser than 16-Feb'21.
Note: Only ICICI BANK is trading at ATH in banking sector.
ICICIBANK#ICICIBANK
680 is the minor resistance. wait for the breakout.
Result are spectacular. Looking good for long.
Keep your eyes on "ICICI BANK" is ready to blastAfter a long time "ICICI Bank has given a breakup, there is a high possibility to give big move in coming days
Cup and Handle Patten In ICICI BANKCup and Handle Patten In ICICI Bank so there is high chances of breakout tomorrow
ICICI BANK: MAKE OR BREAKHidden bullish Divergence IN RSI indicates that ICICI bank will move back to its channel and will keep moving up from here:
T1: 645
T2: 665
T3 : 720
Looking very good for Positional TradeI've drawn the possible path (obviously won't be followed exactly). Looking very good for positional trade. Buy only above 680. Target 750.
BRECKOUT IN ICICI BANK BUT BUY ONLY ABOVE 680 ON CLOSING BASIS..BRECKOUT IN ICICI BANK BUT BUY ONLY ABOVE 680 ON CLOSING BASIS..
ICICI Bank Positional View !ICICIBANK : cmp : 676.65
A cup & handle kind of pattern formed and BO done near 665.
Now trading near the ATH resistance zone of 680.
RSI trending up and big bullish candke has been formed.
If surpass and sustains above 680 lvl, a fresh buying move possible in the short term.
TGT may be 698/714
SL 659 clbs
Positional TGT 776
Positional Sl 638 clbs
Option Strategy : Buy Aug 680CE @ 16.5-20.5 tgt 31/38
Sell July 670 PE @ 10
tgt entire premium.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Icici BankAll scripts posted here are only for study purpose do your analysis before taking any positions
ICICIBANK - LONGICICIBANK is near a important weekly resistance and going to break hourly trendline. Monday opens gap up then we can see long till 700 - 710
The posting is only for educational purposes. Please do your own research before taking trading or investing
Late night Technical analysis talk Just normal video for you guys on your demand: Here we analyze the stocks given by you guys, you can put your stock in the comment section or DM me on the trading view platform :) I hope you like the content
ICICI Bank @ Make or Break LevelICICI Bank closed @ 676.65, almost near its lifetime high on 23/07/2021 ahead of its Q1-2021-22 results. the doji candle shows the indecisiveness but the momentum shows positive bias. While the results are out today and all you must have seen and analyzed them. The results are good, no doubt. But there is a silver lining attached to it. the catch behind the results lies in note 6.
Note the trend angle drawn on the price and RSI. they are showing a divergence of 10% (price 7 degress up rsi 3 degrees down). ICICI Bank needs to cross the previous high of 684 decisively to sustain the momentum, if it closes in green on monday i.e. 26.07.2021 then one can go long. But if it does not close in green and closes in red with heavy volumes then it could be a shorting candidate. Though the results are portrayed to be rosy, but the hidden picture can be seen clearly in the note 6 of its results. Whether ICICI Bank improves in its core banking business or just depends on stake sale in its subsidiaries to paint a rosy picture about its profits, only time will tell.
Note # 6 says:
During 01-2021. the Bank sold equity shares in its subsidiaries and made a net gain of Rs. 3,036.29 crore in
standalone financial results and Rs. 2,715.87 crore in consolidated financial results
during FY2021: net gain Rs. 3,669.94 crore in standalone financial results and Rs. 3,297.05 crore in consolidated financial results).
So, the cons. net profit of Rs. 4747 Cr includes treasury gain of Rs. 3,297 Crores. If we deduct this treasury gain out of total cons. net profit the bank is left with just 1,450 Crores of Cons. Net Profit. vs 4,886 crores in prev quarter ending Mar'2021. A steep fall of 70% QoQ in profit from banking business.
ICICI Bank has been boosting up its profits figures since a couple of quarters by stake sales in its subsidiaries. Its reflects weakness in their core banking business.
Cheers!
On the verge of Breakout - ICICI BankICICI Bank has been consolidating for a while and then it's on the verge of an All Time High breakout. The last Friday candle is on above average volume and is respecting the trendline. The quarter results released is fantastic and hence this stock has very high probability for a good breakout trade on Monday.
ICICI BANK LTD - TRIANGLE PATTERN BREAKOUT - LONGHi Guys,
Please find our analysis on ICICI Bank Ltd !!!!
Trend was in Uptrend and Buildup was formed near the resistance zone of 679 and Pattern was braked out the triangle but resistance of 679 Sounds good.
Hence, Based on Q1 Results the script movement will be on Monday.
Go Long above 580
SL 649 ( Closes on Daily Basis)
Target 746 ( Based on FIB Extn)
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade
