ICBA trade ideas
ICICI BANK TARGET ATH ICICI BANK this stock visible surely in uptrend although waiting for a breakout which will be a triangle pattern breakout on two hour timeframe chart could happen after when it able to break falling trendline resistance and close above on that in this condition target would be around 960 levels where it is facing up trendline resistance mentioned on chart.
[Diary] ICICI Bank Wedge Breakdown BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Cup & Handle breakout signal in ICICI BankToday's candle marks the break out of the Cup & Handle pattern in ICICI Bank's daily time frame chart.
We may see a couple of days of profit booking due to the following reasons:
1. F&O Scrip
2. Near lifetime High
3. Has been closing in green for 8 consecutive days
But, don't fret. Good days are only going to be ahead. I will suggest accumulating on every dip with an SL of 837.6 from the medium to long-term view. From a short-term perspective, one can have an SL of current swing low i.e. 891.25. Both are on a closing basis.
ICICI bank - Cup & Handle boCup & Handle breakout
1) Strong trending move
2) shallow pullback after a big move, progressively weakening sellers on next wave of selling
3) Quick shakeout within the handle and price moving back up quickly
4) RS consolidating at all time high while price fluctuates in narrow range
this is a weekly tf structure and will play out over next 8-12 weeks
ICICI Bank ConsolidationICICI Bank is currently consolidating in a channel formation in Hourly Charts. Any up move above 920 Levels with good volume can bring fresh breakout in this stock in Short Term.
Do not pre-empt this… Fresh Longs only if the stock is above 928 with good volumes. If Stock breaches 895 Levels we may see Lower levels.
Bullish flag pattern breakout in ICICIBANKICICIBANK
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakout of bullish flag Pattern.
📊It can give movement up to the Breakout target of above 1020+.
📊Can Go Long in this stock by placing a stop loss below 910-.
📊Breakout can give risk: reward up to 1:10+.
ICICI bankPrice has formed a rounding bottom. It may form a handle or gain volume and give a break out. Buy above 923 with the stop loss of 918 for the targets 928,933 and 938. Any one who trade with strategy and manage risk can become a profitable trader. Sell below 915 with the stop of 920 for the targets 910, 905 and 900. I will take the trade after understanding trend strength.
ICICI BANK- READY TO BOOM~The chart of ICICI BK is looking bullish.
~RS and RSI IS STRONG.
~Currently it is move to run after consolidation.
~S.L.is given on the chart.
~TARGET will be according to the chart movement. i.e. when the chart will change its direction i will exit.
~Link of the previous chart is given below..
ICICI bank for intradayNSE:ICICIBANK
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
ICICI BANK case studyICICI BANK SPOT CMP 917
Chart pattern study
Time Frame :- 240 mins
Symmetrical triangle pattern formation
Bearish divergence on RSI with respect to price
Suppy resistance zone around 922-936 levels
View gets negated above 945 levels on closing basis
Range of 922-936 should be used to exit long positions
Fresh investment recommendation above 945 levels
Down side 892 would act as intermediate support levels,, which can be considered as pivot levels,
If counter falls below this levels, Bullish trend might end and retracement till levels of 842 can be seen.
Time to take profits in your investments.