ICICI Bank - Confluence Trade - Swing tradeICICI bank long setup inside channel pattern. Stop-loss targets are plotted on the chart. Los risk trade setup only if it bounces back from the Confluence zone of the support area and TL.
ICICIBANK trade ideas
icicibank bullish sharkwe can see it has made shark pattern and is following it well.
2nd confirmation is bullish divergence as we can see with RSI.
Target for long side is at D which is 661.95.
Maintain stop loss of 637.40 on 1 hour timeframe candle close basis.
good luck
Simple Trade Setup | ICICIBANK | 18-08-2021NSE:ICICIBANK
Observations:
1) On Daily Time frame it has taken support from 692 range which is critical level. As it was working as resistance before.
2) On Daily Time Frame it is trading above 21DMA and 50DMA. 21DMA is above 50DMA.
Please refer Chart below: daily time frame.
3) On 1hour time frame it has formed double bottom pattern. And also took support from 692 level and Trendline -1. 705 level look critical to watch out.
Please refer chart below: 1 hour time frame.
Trade Setup for Date 18-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
My personal view is bullish in it.
Do comment your doubt or suggestion.
WatchList for IntradayWatch-out for Buy or sell on trend-line breakouts for intraday on 17th Aug 2021
cup and handlefor intrADAY PURPOSE everyone is looking at the same pattern so lets see will this pattern work or not
ICICIBANK intraday trade idea for 16th Aug#ICICIBANK entry and exit levels on the chart (refer black/blue lines). Place SL@0.4% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter. #INTRADAY
ICICI BANK CHART HAS BREAKED SUPPORT SO BUYPUT OPTION
support and resisitance marked
buy ICICI 700 PE @ 9 sl - 8.50 tgt - 10/10.50/11
ICICIbank : 15 min ICICIbank
Taken support from Trendline
Good Volume
Triangle pattern
Gap up opening can confirm bullish sign for ICICIBANK tomorrow
For Educational purpose only.
Volotality contractionVolotality contraction and if breaks the 52 weeks high with good volume, it will be a blast in few weeks
Icici buy possibilitypossible buy entry near 690-685
SL below prev swing low (10 points)
in case of gapup
695 possible buy entry
SL below 685.
study purpose.
Buy Buy Buy ICICI Bank for Short & Long Term
Buy ICICI Bank with TP of Rs. 700 & 750 for short term and Rs. 820 for Long term (approx. 1 year)
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
ICICI BANK LOOKS WEAKThe stock is looking good to sell around 700 or higher for the lower marked targets until the 718-720 zone is intact on 15 mins closing basis.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Concept of RSI Relative Strength IndexWhy you should not buy and sell based on RSI overbought and oversold concept. How RSI works.
Cup with Handle Breakout - Keep Accumulating (Gem in Banks) Positional & Investment Pick !!
ICICI Bank is one such Bank in Banking Sector which has shown continuous growth. Even though the Banknifty is not doing that great ICICI Bank has delivered good returns to investors. Banking Space is likely to do good once these COVID impact is over and the Economy starts moving. ICICI Bank is likely to outperform all other Banks.
So, if u want to go with a Bank in your portfolio, it should be ICICI Bank.
Keep accumulating now
ICICI BankTrendline broken, volumes decent
RSI trendline also looks broken
RSI at levels of 63
Hold for targets of 680, 721
ICICI BANK ( PRICE ACTION ANALYSIS )If Tomorrow Market Gap up and form 15 min green candle go long if candle high breaks Or
If Market Open Gap Down above 690 then go long up to 708. Stoploss is 687
All advice for educational purposes before taking an investment decision concerns your financial advisor.
Stock Selection For Swing Trade in 5minStock Selection For Swing Trade in 5min. Live examples which I have done myself also explained.
ICICI BANK chart analysis for option ICICI BANK has made cup and handle pattern in 4 h time and 1 d time frame .
TARGET I have mention in chart.
may be reach the target level.
Levels for - 09 Aug 2021∘ Icici bank Analysis
∘ Price Retest Indicates a Potential Bullish Continuation
