Pattern Repeating in this Bank 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.
Note: These Targets are for only POSITIONAL TRADERS AND LONG TERM INVESTORS.
BSE:ICICIBANK Entry 345.1 Target 389.8 SL 334.8 Stock is trading at CMP 347 , One can enter in stock at 345.1, stock has daily demand zone at DZ at Rs.335 to 342. Enter in cash segment and hold for the for 10-12 trading session.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Appreciate via Liking and Commenting , with boost up my moral for More Post with perfect Entry Exit Target setup. Wait for...
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 5 to 8 times.
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...
Price now not ready to go below 295
Double top formed excatly on Fibonacci level
Levels mentioned on the chart. SL for buy 308 SL for sell 335
Short ICICIBANK below 317 T1: 312 T2: 306 T3: 298 SL: 322
one can look into this stock above 294.8 (close) can expect the stock to move towards 397/399/301/303 with sl placed around 285
icici breaks long term resistance with very high volume.. target 320 , ST 290
Break out above 290 with high Volume & Open interest in Options, can rise upto 330.