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ICBA trade ideas

ICICI Bank - Boom------ The Picture explains every thing. Attached is the 1H Chart for better understanding and execution. The author uses confluence of Gann, Fibonacci, Wycoff, Pythagoras, Wave Analysis along with his proprietary indicators for easy analysis. Analysis is one part, but execution is the other. Please trade with discipline, using other indicators like Williams R%, SMAs, EMAs. Disclaimer: This is only for educational purpose and not a recommendation. Please consult your financial advisor before making any decision. Author is not a SEBI Registered Analyst. Let you grow. May! I follow you
NSE:ICICIBANK
by rekhi567
ICICI Bank Potential Bullish SignalI am bullish on ICICI Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 963. I am looking for the stock to reach a target of 1010 in the next 2-4 days. Entry: I would enter a long position on ICICI Bank above 963. I would use a stop loss of 960. Target: My target for the trade is 1010. I would exit the trade if the stock closes below 960. Risk: The risk on this trade is 40 points, or 4% of the stock's current price. Notes: This is just a trading idea and not financial advice. Please do your own research before making any investment decisions. Here are some additional factors to consider when trading ICICI Bank: The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for ICICI Bank to break out of its current trend. The news flow. Any negative news about ICICI Bank or the banking sector could weigh on the stock price. The technical indicators. The relative strength index (RSI) is currently above 60, which indicates that the stock is overbought. This could lead to a pullback in the near term. Overall, I believe that ICICI Bank is in a strong uptrend and that the stock has the potential to reach 1010 in the next 2-4 days. However, investors should carefully consider the risks before making any investment decisions
NSE:ICICIBANKLong
by TRADING-NASA
ICICI Technical Analysis: Near All-Time HighCertainly, here's a brief analysis script based on the provided observations: --- **ICICI Technical Analysis - Rejection from Support and Consolidation (Daily and Weekly)** **Observations:** **Daily Timeframe:** 1. **Pin Bar Rejection:** - ICICI (Ticker: ICICIBANK) is displaying a pin bar candlestick pattern on the daily chart. - The pin bar indicates price rejection from a significant area of support. 2. **Consolidation near 50 MA:** - The stock's price is currently consolidating around the 50-day Moving Average (MA). - This indicates a potential equilibrium between buyers and sellers. 3. **Channel Trendline Respect:** - The stock's price movement is adhering to a channel trendline, suggesting a consistent trend direction. **Weekly Timeframe:** 1. **Continuation of Pin Bar Rejection:** - The pin bar rejection observed on the daily chart is confirmed on the weekly timeframe, indicating the significance of the support level. **Targets:** 1. **All-Time High Trading:** - ICICI is trading at a level near all-time high, which implies a strong bullish momentum. 2. **Managing Upside:** - Since there are no specific targets due to the all-time high trading, investors can consider managing their upside based on their preferred risk-reward ratio. - A recommended risk-reward ratio is 1:2, indicating that potential profits should be at least twice the potential losses. --- This analysis is intended for educational purposes only and is not financial advice. Traders and investors should conduct their own research, consider their risk tolerance, and consult with financial professionals before making any trading decisions. --- Remember that while technical analysis provides insights into potential price movements, no strategy or analysis guarantees profits. Always exercise caution and consider various factors when making investment decisions.
NSE:ICICIBANKLong
by AkshathTiwari