ICICI Bank ICICI Bank weekly chart. Last week's low is 1158. A daily close below this will open door for the trend line support area of 1048-1068. Not a buy sell recommendations.
IBN/N trade ideas
ICICI Bank ICICI Bank weekly chart. Last week's low is 1158. A daily close below this will open door for the trend line support area of 1048-1068. Not a buy sell recommendations.
ICICIBANK 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the ICICIBANK :
Intraday Trading Levels:
For intraday trading in ICICIBANK , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
ICICI BANK PREDICTIONcorrective wave ABC may be formed if this fall continue. or again Elliot wave will continue
This pattern may or may not happen it is just a prediction.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before trade.
in.tradingview.com
Icici Bank Date 02.08.2024
Icici Bank
Timeframe: Day chart
Remark: Breakdown of neckline of rounding top is weak.
ICICI Bank Cup & HandleICICI Bank Created its Cup & Handle Pattern. Keep watching this stock. Good buy for long term.
ICICI Bank: A Lucrative Triangle Breakout for Swing TradersTraders, a golden opportunity unfolds as ICICI Bank exhibits a compelling triangle breakout, marking a significant turn for those eyeing short-term gains. This technical pattern, a harbinger of potential upward momentum, invites us to dive deeper and explore the swing trading prospects it presents.
Key Observations:
Breakout Confirmation: The breakout is validated by a surge in trading volume, an essential indicator of the strength behind the move.
Support and Resistance Levels: Post-breakout, the previous resistance level of the triangle now serves as a strong support zone. Swing traders should monitor these levels for potential entry and exit points.
Swing Trading Strategy:
Entry Point: Consider entering close to the breakout point, ensuring the move is backed by substantial volume.
Stop Loss: To manage risk effectively, place a stop loss just below the newly formed support level, minimizing potential losses if the trend reverses.
Profit Targets: Set initial profit targets at the next significant resistance level, with the option to adjust based on the strength of the market's momentum.
ICICIBANK looking good for a bullish moveCMP of ICICIBANK is currently resting on a strong order block, the whole thing is also preceded by an inducement which gives me strong reason to go long if the price shows some kind of entry triggers which I follow.
Also, the chart is bullish on daily and hourly time frames.
Easy setup is getting prepared. #easymoney#icicibank
▪︎ Very well price formation.
▪︎ Higher High in 1 Day time frame makes bullish view .
▪︎ More time price sustain upper level, greater the upmove form will be seen.
View --1175 above looks good to enter.
Short ICICI BankShort ICICI for intraday exit at 1125. Clear weakness being demonstrated and prices are unable to hold the highs.
ICICI BANK Flag breakout ICICI BANK flag breakout on 4 hour charts, can show target of 1160 with SL 1105
#ICICIBANK Important support and resistance levels#ICICIBANK Important support and resistance levels
Swing Target 1170
Positional Target 1250++
ICICI Setting up for a Long TradeICICI Bank can be entered Long once it closes above 1135 levels if this happens after 2 pm today. Hold for a BTST kind of trade for Target till 1175 price.
ICICI Bank: Chart set upICICI Bank
Observations
- We are looking at daily chart of ICICI Bank
- 5 day EMA and 21 day EMA at 1117 & 1119 respectively
- red line of resistance around 1133-1137 odd levels
- stock is near blue line of support for the 5th time ( not a conducive scenario)
- 200 day EMA and green line of support around 1031-1040 levels
For me this does not give confidence to go long on this stock at current price.
From a short term trading perspective a Bear Call Spread strategy may be considered.
Example of a Bear Call Spread Strategy
Sell ICICI Bank 27 June 2024 expiry 1150 Call currently around 20
Buy ICICI Bank 27 June 2024 expiry 1180 Call currently around 11.4
Net receivables 700* 8.5 = Rs 6020
Margin required around 48K
Potential Profit Margin 12.5%
Loss Protection for a rise in stock price up to 1168.6
For me Ideal levels to buy the stock from a longer term perspective where Risk::Reward ratio would look favorable 990-933 odd levels.
Follow risk management and consult your Financial Advisor before taking any action.
Take care & safe trading...!!!
VIEW ON ICICI BANKBreakout on the stock
Stock above previous days high
Target 1145/120
Stop loss 1120
I am just representing my views
For educational purpose only.
ICICI BANK // 23-05-24 // at Support Area This share trading at support area, may give 5% profit. Take position as per your risk reward ratio and that is not recommended only for educational purposes.
Bearish Flag breakdown in ICICIBANKICICI BANK LTD
Key highlights: 💡⚡
✅On 1 HOUR Time Frame Stock Showing Breakdown of Bearish Flag Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1055-.
✅Can Go short in this stock by placing a stop loss above 1134+.
ICICI Bank Target 1170ICICI has done very good re test and consolidation and moving up strong with good value buying and indicating good bullish trend and 1170 could be easy in few days.
Ready for new highsICICI Bank CMP 1146
The correction halted at 50% Fib retracement from a higher swing an indication of strength. The trendline support is now telling me the stock is ready to make new highs.
ICICIBANK | Add To Watchlist📊 DETAILS
Sector: Bank - Private
Mkt Cap: 761,335 cr
ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points.
TTM PE : 17.94 (Low PE)
Sector PE : 24.22
Beta : 0.92
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
0.49% away from 52 week high
Outperformer - ICICI Bank up by 5.92% v/s NIFTY 50 up by 2.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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ICICI BANK PULL BACK TRADE on daily chart long consolidation support zone if down than small stop re entry
