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ICICI BANK LIMITEDICICI BANK LIMITEDICICI BANK LIMITED

ICICI BANK LIMITED

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IBN/N trade ideas

ICICI Bank Potential Bullish SignalI am bullish on ICICI Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 963. I am looking for the stock to reach a target of 1010 in the next 2-4 days. Entry: I would enter a long position on ICICI Bank above 963. I would use a stop loss of 960. Target: My target for the trade is 1010. I would exit the trade if the stock closes below 960. Risk: The risk on this trade is 40 points, or 4% of the stock's current price. Notes: This is just a trading idea and not financial advice. Please do your own research before making any investment decisions. Here are some additional factors to consider when trading ICICI Bank: The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for ICICI Bank to break out of its current trend. The news flow. Any negative news about ICICI Bank or the banking sector could weigh on the stock price. The technical indicators. The relative strength index (RSI) is currently above 60, which indicates that the stock is overbought. This could lead to a pullback in the near term. Overall, I believe that ICICI Bank is in a strong uptrend and that the stock has the potential to reach 1010 in the next 2-4 days. However, investors should carefully consider the risks before making any investment decisions
NSE:ICICIBANKLong
by TRADING-NASA
ICICI Technical Analysis: Near All-Time HighCertainly, here's a brief analysis script based on the provided observations: --- **ICICI Technical Analysis - Rejection from Support and Consolidation (Daily and Weekly)** **Observations:** **Daily Timeframe:** 1. **Pin Bar Rejection:** - ICICI (Ticker: ICICIBANK) is displaying a pin bar candlestick pattern on the daily chart. - The pin bar indicates price rejection from a significant area of support. 2. **Consolidation near 50 MA:** - The stock's price is currently consolidating around the 50-day Moving Average (MA). - This indicates a potential equilibrium between buyers and sellers. 3. **Channel Trendline Respect:** - The stock's price movement is adhering to a channel trendline, suggesting a consistent trend direction. **Weekly Timeframe:** 1. **Continuation of Pin Bar Rejection:** - The pin bar rejection observed on the daily chart is confirmed on the weekly timeframe, indicating the significance of the support level. **Targets:** 1. **All-Time High Trading:** - ICICI is trading at a level near all-time high, which implies a strong bullish momentum. 2. **Managing Upside:** - Since there are no specific targets due to the all-time high trading, investors can consider managing their upside based on their preferred risk-reward ratio. - A recommended risk-reward ratio is 1:2, indicating that potential profits should be at least twice the potential losses. --- This analysis is intended for educational purposes only and is not financial advice. Traders and investors should conduct their own research, consider their risk tolerance, and consult with financial professionals before making any trading decisions. --- Remember that while technical analysis provides insights into potential price movements, no strategy or analysis guarantees profits. Always exercise caution and consider various factors when making investment decisions.
NSE:ICICIBANKLong
by AkshathTiwari
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