ICICIBANK Icici bank has come at important support zone There is higher probability it should take support here in this zone, Good risk and reward swing and positional Trade.
ICICI Bank (ICICIBANK), you can follow this structured approach:
Support Levels Recent Lows: Identify significant low points in the past weeks or months. For example, if ICICIBANK recently dropped to around ₹800, that could serve as a support level. Moving Averages: Look at the 50-day or 200-day moving averages. These often act as dynamic support levels. Previous Support Areas: Historical levels where the price has bounced can also indicate potential support. Resistance Levels Recent Highs: Determine the highest points in recent trading sessions. For instance, if the stock peaked at around ₹900, that could be a resistance level. Trend Lines: Draw trend lines connecting recent highs to visualize potential resistance. Psychological Levels: Round numbers like ₹850 or ₹900 can often act as resistance. Example Analysis (Hypothetical) Support Level: ₹800 (recent low) Resistance Level: ₹900 (re
ICICIBANK ICICI Bank Itd view for Intraday 1st October #ICICIBANK Buying may witness above 1283 Support area 1270. Below ignoring buying momentum for intraday Selling may witness below 1259 Resistance area 1270 Above ignoring selling momentum for intraday Charts for Educational purposes only. Please follow strict stop loss and risk
Trend Analysis Determine Trend Direction: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the general price direction over the past hour or several hours.
Draw Trendlines: Connect recent highs or lows to visually represent the trend direction. An upward trendline connects consecutive higher lows, while a downward trendline connects consecutive lower highs
Strong Financial Base: ICICI Bank’s solid balance sheet, including healthy asset quality and capital adequacy ratios, provides financial support during economic fluctuations. Diversified Revenue Streams: Revenue from retail, corporate, and investment banking reduces reliance on any single segment, offering stability.
Resistance:
Credit Risk Exposure: High levels of non-performing assets (NPAs) or potential loan defaults can act as resistance to financial stability and profitability. Economic Downturns: Broader economic slowdowns or financial crises can negatively impact financial performance and increase risks.
Rank ICICI Bank ranks 272nd in the Financial System Benchmark. In South-Eastern Asia, it ranks 131st out of 155 banks and 25th out of 30 financial institutions.