ICICI - Higher base formationICICI bank is forming a higher base formation on daily tf after correction from top, very similar structure to what it was forming during June correction ... recent swing low can act as strong support and it may provide a push to BNF, what it is looking for from quite some days
ICBA trade ideas
ICICI To Start Its Up Move as Per Ichimoku And Price ActionConsidering the Chart, ICICI should show a considerable good move probably from Tuesday once it crosses the Ichimoku Averages Cross Overs.
In general, when ever price crosses the averages crossover, and there is a price break out, the breakout sustains and give good moves.
ICICIBANK Stock: A Strong Contender in the Indian Banking SectorICICIBANK, one of India's leading private sector banks, has demonstrated resilience and growth potential, making it an attractive option for investors.
TradingView chart of ICICIBANK (NSE: ICICIBANK) stock. The price is currently at INR 924.65, and the volume is at 5.645M.
Here are some key observations about the chart:
The stock has been in a consolidation phase since early August 2023.
The stock has bounced off its major support level at INR 900.00 several times in the past.
currently ICIC bank is at support level. and we we check the historical trend of the stock. this time we should go long from the support level.
The next resistance level is at INR 935.00, and I believe that the stock is likely to test this level in the coming weeks.
Tips for Trading ICICIBANK Stock:
Utilize stop-loss orders to limit potential losses.
Avoid chasing market movements and wait for pullbacks.
Exercise patience and wait for opportune entry points.
Disclaimer:
The information provided in this analysis is solely for informational purposes and should not be construed as investment advice. Investing in stocks involves inherent risks, and there is no guarantee of future returns. Before making any investment decisions, it is crucial to conduct thorough research, assess your risk tolerance, and consult with a qualified financial advisor
ICICI bank breakout ICICI Bank is on the cusp of giving that monthly breakout. Last two to three months, the stock was constantly facing resistance around 1000-1010. It has finally broken above that level. I think it is going to lead a fresh rally from current levels. Keep a stop loss of 990. You can see targets of 1040, and 1060 plus levels coming in the few coming days
Leading the banking packFib Analysis- In the previous swing the stock made its fib grid from a lower candle instead of the highs, hence I will take the current rally with a pinch of salt. It broke out above 900 and then retested the zone again.
Trendline- It is beautifully respecting the trendline. Hence to me the break of this trendline will be the first indication of a change in trend. So ride the rally as long as it is above this trendline.
RSI- that it is taking support over the bear zone of 60 is a sign of strength.
Fib Extension- Am looking at a min tgt of 1100 and max of 1297 for the current move.
ICICI Bank - Live Market Update
No trade before 11:32 a. m. candle today. All stocks in Indian market which go above this candle, buy else sell
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
ICICI Bank - At Long Term Support LevelThe chart depicts the current price structure in ICICI bank. Key points✅
✅in weekly chart, price movement in rising wedge and in past, significant return generated from support level
✅currently price at long term support level.
✅in daily chart, price moving in parallel channel between Rs 940 to Rs 1000
✅above 200 ema but below 50 &20 ema
✅potential return 10% from current level with favourable risk and return factor.
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
ICICI Bank Update
Sell ICICI Bank below 03-12-2023. Target 990
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
ICICI Bank - Target 1275 +Stock is in the most powerful wave of its lifetime, minuette 3, of minor 3, of primary 3 of Cycle 3!
All the previous waves, of this cycle 3 (primary 2, minor 2), have been defying all the fib retracement levels so far by big margin. 200 daily EMA at 925 and anchored VWAP at 924 is showing good support.
Will write more detailed analysis later, I am going long big time on this!
NB - I am also enthused by phenomenal results declared for Q2FY24, not because of numbers, but because of structural marked improvements in core business, low unprovisioned writeoffs, and focus on retail which is the key driver for NBFCs/banks post corona. As an insitution, it has always been having good quality employees.
Detailed writeup during weekend.
ICICI Bank ready for 985 and 1040 buy on dipOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ICICI BANK 1D TF Analysis -2/12Current formation - Triangular Break out
Took a support at Fib 1.618 level +bottom of parallel channel
Possibilities:
1) If it closes above 946 level, there is high possibility that it will reach all time high again
2) It can take a resistance at current level and can again take a support at bottom of parallel channel
First Target:
up - 999
down - 908
ICICI Bank
Look at the picture in the chart in the light of following points:
1. The price of the stock is showing its resistance at the trend Line drawn by way of Fibonacci Spiral from 950.35 to 935.1.
2. White Horizontal Line drawn at 940.9 is another resistance.
3. Buy only above 940.9.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
icici chart patternicici trade idea Daly candel i watch this chart without any news influence chart chlne ke bad news chanel isper news bnate hi . sab kuch hotta hi news chanel dekho per uper apne chrt per hi trade kero . volume keya hota hi ye jan lo ager price uper ya nicche jaye to usdin ke candel ka colour usme dalde te hi bas .
ICICI Bank update
In continuation to my previous ideas on the stock please read the following carefully:
a. Very Bullish in the long run.
b. In the short run, still trading below 200 SMA.
c. Yesterday it was Tuesday, so the level of 930 which was the major hurdle can be crossed today and if stock trades above 931, it becomes safe.
d. Price should trade above this candle 11-23-23 3:07 PM. then only buy.
f. This candle for today is most crucial 11-29-23 12:56 PM.
g. Please do not take delivery of any stock before 4th December 2023 12-4-23 12:37 PM, just trade so that no risk is taken and opportunity is also not missed.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
ICICI Bank - Execution Levels and Time Candle
Provided are two candles
(a) 11/23/23 3:07 PM (Pivot Candle)
(b) 11/28/23 10:21 AM
Price should be above both of these candles because in Daily Chart price is above 200 SMA, but in hourly chart, it is below 200 SMA,
Also, in first Idea today I mentioned that options levels for last week were from 900-930. So, don't be in haste.
1. There are two thick lines drawn, with pink line as the support and white line as the resistance over a period of last three years.
2. Then there are 6 channel drawn, 1 to 5 showing 5 Elliot Waves and 6 Showing correction in ABC.
3. In between is my indicators showing only S3 Levels; others being switched off.
4. Now check the last leg of S3 Levels on the right. 922.75 is providing support and here 200 MA is lying. I have not drawn it.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
ICICI Bank Update
I have used same words on the chart. First read them here and then going to daily chart in consonance with the figures.
1. There are two thick lines drawn, with pink line as the support and white line as the resistance over a period of last three years.
2. Then there are 6 channel drawn, 1 to 5 showing 5 Elliot Waves and 6 Showing correction in ABC.
3. In between is my indicators showing only S3 Levels; others being switched off.
4. Now check the last leg of S3 Levels on the right. 922.75 is providing support and here 200 MA is lying. I have not drawn it.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.