ICBA trade ideas
ICICI Bank 06-08-2022ICICI Banks' fundamentals are solid and efficient as of this quarter. Even the technicals support its growth. If on Monday ()8-08-2022) ICICI Bank stays strong, it will be touching its ATH indeed!
Fundamentals of the bank have been so good and bright for so long now it YoY growth is superb add to that it has a great scope in improving its CASA ratio. NII Growth is strong. NIM is well maintained on average for the last 3 years.
The last results obviously gave a massive break-out to ICICI in the banking sector at least for sure. A deterrent new for the investors in the Banking sector came up yesterday at 11 AM, well the effects of it weren't seen yesterday itself not even a bit. I think that there might be a downfall on Monday but if there isn't any ICICI is gonna surely hit its ATH!
Time Has Come... Happy Money Making!
NSE:ICICIBANK
ICICI BANK looks good to bank on...ICICI Bank looks bullish and is trading above the 200 day moving average.
Can see a upward move to 840-870 in the short to medium term.
The neckline of a double bottom pattern at 756 can act as a support, however, if that breaks 733 is the next support zone.
If 733 fails to sustain on the downside then a move below 700 is possible.
Always plan your trade with a strict stop loss.
Not a buy/sell recommendation.
ICICI BANK BREAKOUTICICI bank giving breakout on downtrend line resistance and giving positive divergences on macd indicator although traders be careful as tomorrow it will announced its quarterly results
Cause of Long
1- Downtrend line resistance breakout and closed above
2- Macd giving positive signals for coming momentums too
ICICI BANK TRADE IN SELL SIDE WITH 1/2 quantityas I have posted earlier ...icici bank is about to reach its supply zone which was about 820-835 zone....as it has reached the level..it started to fall from there....there is a possibility that, I can go up..breaking this supply zone, buy if it doesn't, we have a good risk to reward ratio... that is 1:6...since ...we have more chances of failure...that is why we will trade with half risk...
ICICIBANKNSE:ICICIBANK
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