#ICICIBANK next harmonic#ICICIBANK next harmonic
PRZ-687-679
SL-673
CMP:707 @ 24 February 2022
Sharing only for educational purposes
ICICIBANK trade ideas
ICICI bank chart patternICICI bank
cmp 747
Falling wedge pattern in Big down trend
Resistance 780
Support 730
Below support 700
Grasim Industries At bottom of triangle.Grasim Industries has taken a good support on weekly time frame as well as daily and formed a triangle. This could be a good short term trade to buy at dips and with 8-10% profit. Make sure to put SL below trendline. Wait for bullish sign tomorrow and enter only if market is bullish else ignore..
ICICI Bank Long Opportunity for short term Swing tradeICICI Bank has taken support strongly at the weekly support.. Very good time to buy on dip and accumulate for mid-term.. Target about 10%. SL below trendline.. Follow risk management..
INTRADAY FOR ICICI BANK.....!NSE:ICICIBANK
VK2413
#WEDNESDAY#
{
<#ICICI BANK>
VOLUME on Tuesday is high compared to last 5-6 days;
it's creating a strong support from past 3 days ;
tomorrow we can have a intraday trade, since it's @ its support;
if it breaks 751
{ BUY: ICICI BANK
750 is its very good support
because it's VWAP for Tuesday ;
TARGET:-756-759
SL:-747
}
Like👍 , Follow🥰 ,🙏 Show your love ❤️ ;
} HAPPY TRADING;
#ICICIBANK - CMP 748#ICICIBANK - CMP 748
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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#ICICIBANKWave 5 done @ 867
Wave A done at 698
Wave B done at 836
Wave C unfolding toward 630-655
Disclaimer:Education View
ICICI BANK : Breakout of cup & handle with retest confirmation The price given channel breakout and retest the level for upward movement.
Key Point : Cup & Handle Breakout and above EMA
The entry , exit and stop loss in chart.
Thanks
ICICI BANK 750Pattern 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.
ICICI looks bullishLooks like buyers appears in the icici bank to accelerate the wave 5 (count get invalidated if the invalidation is broken)
Very high convecation ICICIBANK going downICICIBANK form descending triangel chart pattern if stock breakdown we buy fut of ICICIbank then wait for target.
ICICI bank in a clear channel pattern Unless it doesn't break this channel pattern it's in a downtrend. If the stock is able to break the channel pattern expect a high momentum in this stock.
ICICI Bank - Bullish pennant Although ICICI Bank chart is forming a Bullish pennant, global market narrative is not in favour of bull markets at the moment
ICICI Bank Ltd - 11.02.2022ICICI Bank Ltd - 11.02.2022
The stock is trading @ 790 levels
The prices are near EMA
There is a SPINNING TOP in Weekly Charts
RSI is 58.97 in Weekly Charts
Let the prices go above 806; one can initiate a BUY Position with Support @ 773
There is a RESISTANCE Zone at 810 levels
watch out for the price action
ICICIBANKAs per weekly levels, ICICIBank is poised in the middle, next few sessions can tell us where the price is heading, but one thing is for sure in intraday trending move is very difficult and many whipsaw might come
Icici BankHere, ICICI bank is making a symmetrical triangle pattern in an uptrend. We can also say that it is a flag in form of symmetrical triangle. As prior trend is up, a break on upside can push the prices higher.
Disclaimer: only for educational purposes.
ICICI Bank- Could go either way. Good setup for 50+ pointsICICI bank's price action looks good for about 50 points on either side depending on which side of the small narrowing wedge (nested inside larger widening wedge)
ICICI is preparing to be accomplished with it's 5th wave !This is ICICI monthly timeframe chart, which has a major trend as an uptrend.
In this, 1 to 4 waves have been formed and to complete the impulse module, the 5th wave is going to be made.
The third wave is extensive. The wave count of it is a bit unclear. When we count the minor waves of the 3rd wave, the 4th wave of minor waves is overlapping. But if we see the big cycle, the 4th wave is not overlapping.
In the 3rd wave, if we connect the points of it we can see an expanding diagonal like shape. But we know the rules that 3rd wave is always an impulse, diagonals cannot be formed in it.
Parallel Channel :
I have drawn a parallel channel. In this, supply and demand are equal, that is why there is no excess formed up here. Sellers and buyers, both are satisfied with the price.
The upper boundary and the lower boundary are acting as strong support and resistance level.
On the upper boundary, the price has touched only once, the second time it is going to. We can not take it as valid, because according to the resistance line rules, the price must touch the line twice, and the third should be touching the line in the future.
Fibonacci Retracement: The 2nd wave retracement is 100% of the 1st wave. The 3rd retracement is more than 161.8%, which is why it is an extended wave. Its retracement is 2.618. The 4th wave retracement is 0.5%. And it is not overlapping the 1st wave.
Reversal and Pressure:
I have mentioned 5 points of the price here with connecting a trend line. There is a reversal which is converting selling pressure into buying pressure. In every reversal, we find more volume than average volume. In this, we can see an engulfing pattern, spinning top, wick rejection, and piercing pattern.
After this, I have mentioned a few price points. There are pressure and reversal which is converting buying pressure into selling pressure.
Elliott Wave last move expectation:
Here the 4th wave is retraced at 0.5% of the 1st wave and it is formed. If the current move is the 5th wave, then the 1st and 5th wave distance will be equal. That is the minimum count of it. If the 5th wave can not cross the 3rd wave, there will be a truncation. The 5th wave will be called the truncated 5th wave.
If there is less momentum in price extreme, the 3rd wave of the minor waves acted as support in the previous reversal, it will act the same as before with providing support to the price. This is just an assumption that the 4th wave is formed. But if it is done, it could make a triangle or a flat zigzag.
If you trade in this situation, DO NOT forget to place the stop loss.
To check the retirement of the 5th wave, I have used Fibonacci Retracement and a trend line. If the 4th wave is formed, and the 5th wave is not truncated, the price would travel 78.6% to 100%.
By using a trend line, I am drawing a resistance line to measure the possible ending of the 5th wave.
With the trend line and Fibonacci Retirement, we can see the target will be 78.6%. ONLY if all the situations are fitted well.
According to the price action rules, the price will touch the upper boundary to get crossed out of the parallel channel.
Ichimoku Analysis: Tenkan and Kijun :
Tenkan and Kijun, both were flat and the price was making a consolidation area. The price extreme is breaking Tenkan and Kijun.
We know that Tenkan provides minor support and Kijun provides strong support. When these both were flat, it was giving a selling signal. But we know that the price was consolidating so it was a fake selling signal. This fake signal has given a clue that the cloud was below the price. The Chikou was free above the price and cloud.
The KUMO cloud provided support for the price.
This was a pure buying signal:
1- Price has taken support on cloud and cloud acted as a resistance.
2- Chikou was above the price, cloud, and Ten-Kij.
3- Ten-Kij were broken by the price. It went upwards. They both were resistance to the price but now it will be a support.
4- Price was above the cloud.
Buying will be confirmed when the current candle will be closed above Ten-Kij.
stock is growing but truncation area is their !In this chart you can see that price is respecting parallel channel.
if price wants to grow more , their is no concept of truncation.
wave 5 may have to travel 78.6%.
price may destroy resistance and we can also get pull back.
check related idea for more detail.
if their is reversal we can get signal by candlestick patterns.
ICICIBANK | 20% + earning opportunity in Swing /Short term Trade20% Earning opportunity in Short term trade.
CMP: 805.05 ( Good above 812 )
SL: 763
Target: 1035
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
