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ICICI BANK LIMITEDICICI BANK LIMITEDICICI BANK LIMITED

ICICI BANK LIMITED

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IBN/N trade ideas

ICICI Bank- 3rd attempt to cross 960, will it succeed?960 is upon us again. ICICI Bank has a number of factors lined up this time. However there is one missing piece that i would like to see fall into place to confirm this breakout Several breakouts in ICICI Bank have failed in the last 12 months. This time maybe different Other banks like Axis, PNB are moving strongly, so a move in ICICI Bank was expected The sellers at 960 may have been cleared last time when we came up in June. Then the stock was overbought - this time it isnt Results on the 22nd of July - this maybe a classic earnings run by people who know Overhead supply this time is far less - and hence pull to 970 is likely. Dont buy the break, but wait for the retest of the high to buy it in the safest possible way Additionally call premiums are very low - they are discounting results. So basically get a free hit on the results:)
NSE:ICICIBANKLong
by kunal_finner
9
$ICICIBANK - Weekly Chart AnalysisAn ATH(all time high) Weekly Close. Respecting the up-trend line. Taking support of key moving averages on every correction. Decent consolidation before breaking out. Now it shall sustain at these levels. As per the trend based Fib extension possible target levels comes to 1400-1600 levels. Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter please due your own due diligence and trade on your own risks.
NSE:ICICIBANKLong
by marketmoneymohmaya
ICICI Bank set to Dethrone HDFC Bank!Attached: ICICIBANK/ HDFCBANK Weekly Chart as of 5th May 2023 The above Ratio Chart is Significantly Bullish and suggests that in the coming Weeks/ Months you will see Money flow from HDFC Bank to ICICI Bank (which means ICICI Bank will relatively Outperform HDFC Bank and you are better off going own ICICI Bank instead of HDFC Bank) Bullish Evidence as follows: - Massive Inverted Head & Shoulder Bottom Pattern has formed implying Upside for the Chart - RSI in a Bullish regime since October 2017 - The RSI Bullish Divergence that started in October 2017 also marked a Trend Reversal point for the Chart, prior to which the Trend was Down - Higher Highs and Higher Lows clearly point to an Up Trend in this Ratio Chart - Fundamental Analysis of ICICI Bank too is confirming with this Chart As an Investor, you are better off Owning ICICI Bank and Dumping HDFC Bank And as a Trader, Long ICICI Bank NSE:ICICIBANK and Short HDFC Bank NSE:HDFCBANK makes for a Highly Profitable Pair Trade
NSE:ICICIBANKLong
by T_Harth