Range Breakout (short term trader focus)Stock Name : ICICI BANK
Rang Breakout
Fix your stop loss as per your R:R
ICBA trade ideas
ICICI-First signs of reversalICICI: One of the leading BNIFTY contributor is showing signs of a possible reversal. Positive 10DEMA Crossover in hrly chart indicates signs of trend reversal.If it manages to hold at 1090 expect a move towards 110+(For educational purpose only)
ICICI Bank Stock has breaken up a bullish channel...a small upside moment on retest is expected.a swing trade of 10% is planned with small stoploss
ICICI Bank is in Zone Wait for any MoveDear all,
My view on icici Bank will be neutral acc. To technical chart we move to any side bull or bear.
I am not SEBI Registered.
Thanks
Ashutosh
07/03/2024 Icici Bank buying the dip structure intraday ICICI Bank buying the dip structure and see my past stock analysis and I give you daily stock analysis if you like my analysis then follow me
ICICIBANK TRENDLINE RESISTANCE BREAKOUTICICIbank breaking a trendline
with good volume building up
trading at ATH
educational idea
ICICI BANK - SWING TRADE - 14th January #stocksICICI BANK (1D TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retracement & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #icicibank
ICICIBANK hourly bullish setup hello traders
Jai Shree Ram
presenting to you
a hourly setup on ICICI bank
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buy between 965 to 1010
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possible target 1 - 1088
target 2 - 1113
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stop loss 960
positional long term holding target
1200 and 1350
ICICIBANK | Swing Trade📊 DETAILS
Sector: Bank - Private
Mkt Cap: 697,076 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 : 16.97 (Low PE)
Sector PE : 25.81
Beta : 1.00
📚 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.
4.79% away from 52 week high
Underperformer - ICICI Bank down by -1.95% v/s NIFTY 50 up by 4.1% 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.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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Head and Shoulder Pattern in ICICI bank
Today price break the trend line. As we can see price create a head and shoulder pattern. It's indicate that price will go down with in couple of days.
Indicator:
MACD divergency.
Support 1: 1042
Support 2:1032
if we can see a bearish candle create near 1042 then we can take short position target of 1032 .
ICICI bearish stance for short term. 1010 might come before 1100As we can see, 1030 Call options for Feb series are heavily sold. Holds highest OI for feb series. Feb series end i.e tomo we can see 1030 in this counter. If this happens, ICICI will be completing the H&S pattern on 1hr Time frame. It will come to 1010 or even 1000 before reversing from there to reach 1100+
It is a short term bearish stance on ICICI. This is a healthy correction for it to reach beyond 1100. Those in this for long term, can hold and add more when it comes to 1010 or 1000 level.
Short term as 1-3 weeks, one can sell with SL of 1100.
ICICIBANK - Weekly AnalysisIn the Weekly Chart of ICICIBANK ,
we can see that; it has respected the trendline multiple times.
Possible momentums are shown in chart.
All set for new highsFib confluence at 1116/1118 is where this stock is now headed for. With two heavy weights extremely bullish I think Bank Nifty should make new highs.
Long Icici Bank ....Double Bottom I was Observing Icici Bank for A while now .... it has Formed Double Bottom Pattern on Support Zone .... One Can Invest or Stay Long on the Same
Morning Trade ICICI BANKAs the stock standing at its life time high which is 1059 made after qtrly result anouncement, if in the morning stock crossed 1059 with good price action, then further move can be extended upto 1080 and 1100 level in Feb series. So trade is this :-
1. 1060 CE FEB EXPIRY @ 12 or
1070 CE @ 8
2. Buy in cash for short term target 1100 and 1130 levels.
Ascending Triangle Pattern Weekly Uptrend
Break of Weekly Resistance
Buy after retest
Can place 1:3 RR ratio
ICICI bank looking promisingIf we check Line chart for ICICI bank we find it at breakout level on daily chart, earlier resistance trendline which connects 31Jul23/15Sep23, has become now support where it took support 2/9/18 Jan24. Now facing resistance from trendline connecting top of 15Dec23/23Jan24/31jan24/6feb24/14Feb24. RSI above 60 on Weekly/Monthly chart and abt to break on daily.
the uptrend resumesthe current set up cant be a better example of support.
Fib support, Trend line support, RSI & Composite- support above averages. MA support. R1 1056 R2 1080.
ICICIBANK LONGNSE:ICICIBANK
~ Stock trading above 30 Week EMA
~ Demand seen at 970-990 levels
~ Consolidating with high demand
~ Flag & Pole Pattern BO and retested
~ Fundamentals -
* EPS QOQ increasing
* EPS YOY increasing by 25.08%
* Sales YOY Increasing by 29%
* Annual EPS Growth 67% TTM
* DII increasing stakes
* ROE - 15.2%, ROCE - 5.85%
~ Overall bullish on Banking Sector as
Bank Nifty is taking support at 30
Week EMA
T1 - 1210
This is for educational purpose. Do your own study before investing.
ICICI Bank for buying side recommendation if it hold the supportICICI Bank for buying side recommendation if it hold the support on 1hr and Target around 1% from the current price and if this stock give the gap up then avoid the gap up around 1% to 1.5%
more selling on the wayThe sharp fall on the 22min chart is the iii of 3 wave. It is the sharpest of all. We know the fall is not yet done. Any rally to 1000 early on will be an opportunity to sell. The Fib confluence at 970 is my revised T2 .The T3 at 950 is fine as the next confluence is there.
ICICI Bank For 7 Feb Analysis1032- 1035 is a resistance. if price break this resistance the a move will come for intraday.
Support area : 1015
price already follow a trend line for intraday timeframe .if this trend line break then a short fall will come .
