ICICI LONGIt has broken trendline and given breakout and if comes to the supply was broken will act as a demand
ICBA trade ideas
ICICIBANK - Swing TradeICICIBANK
Buy-Above 745
Sl- 707
T-800 810
All banking stocks seems to bottom out. There is trendline breakout in hourly and daily timeframe in this stock.
icicibank channel and harmonic patternas we can see it was moving well in rising channel and finally broke out upside but hey wait ! you could have waited to retest this channel line to enter for long and if go by the books if you miss the long journey it is high time you entered it when channel line or trendline is retested. Now i have combined this upper channel line with bullish ab=cd pattern and long target according to it being 957
Possibility 2: what if it does not stop on channel line upper one? then it will come to down to lower channel line and we can long / average here at 706
i have shown both moves with two different colors
good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
ICICI BANK Weekly Chart Pattern Analysis 08.12.2021ICICI BANK as per weekly chart analysis today in the daily chart with a gap up it has broken the consolidation zone and in the uptrend momentum. Once it breaks 766 level then the stock target 800 level achievable.Before that there could be a consolidation as per weekly chart and lets see whether this time the stock consolidates or moves up to target.
ICICI Bank LongAdded 70% of my quantity in ICICI Bank. Reason for trade.
1. Near support.
2. Accumulation/Range breakout.
Shall be adding more mainly on downside to increase R:R.
Note- Please don't take trade due to my analysis. This is only for educational purposes.
icici bank looking good for a swing tradeafter the fall its recovering and we can expect a good up move soon in the coming months as the results were good this quarter
ICICI Bank might have completed its correction / FallAfter continuous selling pressure from 860 levels, ICICI bank has now lost the momentum on the downside.
It is evident by failure to make a new low on daily basis and increased volume, even today it made a news high with volumes after 6 bars as marked by box.
This shows the supply is being cornered, sellers are failing to make a new low.
The higher high higher low structure on weekly is intact.
Interesting is the RSI divergence on daily chart & trend line breakout on line charts.
Below is the trend line breakdown on weekly charts.
Important is to note that the large red breakdown bar is in the end stages of downtrend, looks a blow off bar with volumes.
Simple logic is why market maker will sell aggressively at lower levels? he could have done that at higher levels only.
Another point is that red bar is followed by indecision bar, hence the breakdown is followed by indecision zone and not follow up selling.
To conclude the breakdown failure chances are high, resulting in bear trap.
One can accumulate with 650-660 SL on weekly close basis.
RR is favorable, current Risk is around 9-11%
This can be good levels to accumulate for delivery purpose too
Note: as there is continuous down trend, stock can take a breather and give sideways movement & then resume its up-move.
ICICI BANK INTRADAYBuy above SidewaysZone 719 activated, and targets R1 & R2 reached.
ICICI BANK DEC 720CE WENT FROM 20 TO 33, 13POINTS PROFIT i.e RS.17000 PER LOT PROFIT.
Indicator used S&R by KuberPriya.
ICICI Bank - Bullish reversal from supportNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish reversal from support. Trend line support and 100 SMA support seems to be coinciding. Relative strength is more than Nifty as well.
SL: 692/-
ICICI Bank BreakoutICICI Bank has broken out of a Falling Wedge on a 1D Time Frame.
An Upside Target of 787 can be looked upon based on the Breakout Pattern of the Falling Wedge.
ICICI Bank BreakdownICICI Bank has given breakdown from a consolidation in a range
we can short tomorrow if momentum in down side continuous in ICICI Bank
ICICI Bank Trend Channel HourlyICICI B is in a bear trend channel and has recently broken a local support, can go on to touch the demand line of the bear channel now, also a longger term support below, where we can expect a reversal.
ICICIBANK - @ crucial support on day's chartI see it on a crucial support. One can trade based on the breakout on either sides.
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
ICICIBANK Trading @ support NSE:ICICIBANK
#ICICIBANK Trading@support level and high chances to break, All levels mentioned on chart.
Levels marked either ways for safety.
Icici bank for next week Consolidation in a falling parallel channel.
High chance of bullish momentum.
ICICI BANK 15 MIN CHART, One can look at CHARTS OF ICICI BANK, and take position as per the market direction
Elliot Wave 5 ICIC Bank looks weak. Time to short when it breaks the swing low.
Disclaimer:
The above analysis is for educational purposes.
just for educational purposetrying out the swing analysis this is just for educational purpose
always trade with stop loss understand the risk
happy trading :)
BUY icici bankicici bank currently too oversild situation & bottom side tradeline also coming to its very hard to brk directly
and 2nd one two gaps are pending to fill upside so, its possibilty to goes up for fill the gap , i know currently is strong selling but its opportunity to buy for small targets
buy CMP
target = 750 ,760
Disclaimer:-
My presentations, and writing are only for educational purposes and are not intended as investment advice.
I cannot guarantee
the accuracy of any information provided.
ICICI Bank gave breakdown at long trendlineShort below 716
Stoploss is 735
Targets 690/675
Positional trade
