ICICI Bank is showing Negative divergence on RSI of 15 and 30 minutes chart. Sell below 432 ( 20 EMA on 15 min) with stop loss above 437 for target 427- 421. Stock is showing fatigue near 430-437 zone.
Stop Loss 1: 393
Target 1 for March 18th: 402
Stoop Loss 2: 398-399.5
Target 2 for March 18th: 411
Make money with me :)
P.S. This is according to my analysis and learnings after making many trades with ICICI Bank, most successful & a few unsuccessful. I have succeeded more in shorting this script but this seems the perfect time to go long.
AS A BROAD APPROACH, BANKING SECTOR SHOULD STAY BULLISH AT THIS POINT TILL NEXT YEAR AS VARIOUS TAXATION BENEFITS WILL PROVIDE MORE CASH FLOW FOR THE BANKS.
BANKS MIGHT HOLD MORE CASH THAN EVER BEFORE AS MORE ACCOUNTS WILL USE IT'S SERVICES TO INCREASE THE OVERALL REVENUE OF THE BANKS.INCREASE IN CASH FLOW WILL INDIRECTLY INCREASE THE VALUE OF THE STOCK AND A...
ICICI Bank 26.2.2017
Buy Stop order
Trade Entry:
Market: BSE
Stock: ICICIBANK
Long/Short: Long
Current Price: 285.25
Entry Price: 301.40
Time Frame: Monthly
Type of Trade:
Long Term Trade
Reason For Trade:
Stock is in an uptrend
In the month of January 2017 Stock has bounced from 50 SMA
RSI has bounced from 20 SMA and RSI is above 50 at around 55
RSI has...
ICICI Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. The Bank's business segments are Retail banking, Wholesale banking, Treasury, Other banking, Life insurance, General insurance and Others. It has a network of approximately 18,210 branches and automated teller machines (ATMs). The Bank has approximately 110 Touch Banking branches across over 30 cities. Its international banking is focused on providing solutions for the international banking requirements of its Indian corporate clients and leveraging economic corridors between India and the rest of the world. The Bank caters to the financial needs of women entrepreneurs through its Self-Help Group (SHG) program as a part of its microfinance initiatives.
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ICICIBANK
