ICBA trade ideas
Short Term Long Position in ICICIBANKThe bank is fundamentally strong and the banking sector has completed correction and has started moving up.
ICICIBANK is undervalued and has moved above the 50 EMA after consolidating between 735 and 710. Expecting the correction in the broader market is complete, the bank is expected to give short-term returns of up to 15% in a timeframe of 45-60 days.
Technical - Bullish Divergence noted in 1Day and 4hour charts
Entry - Above 750
Stop Loss - 735/710
Target - 840/865/900
**This is not a recommendation. Do your analysis as well.
ICICI Bank - Breakout from neck lineNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish breakout in W pattern from the neck line. Price is rising with rising volumes. Relative strength of the stock is more. RSI at 64 indicates bullish momentum as well.
SL: 730
ICICI Bank - Best looking pvt bankAs we head into the year end ICICI has been the best performing large pvt bank and could continue its move going ahead.
Long above 745 with doubling allocation above 775.
SL depends on the kind of trader you are.
If your trading for short term gains then the SL will be 720, for a positional trader 700 and for an investor who wants to hold it longer term 675.
Simple Trade Setup | ICICIBANK| 30-12-2021 [INTRADAY]NSE:ICICIBANK
Trade Setup for Date: 30-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Chart on ICICI BANKChart on ICICI BANK
CMP @ 735
Short Term Target @ 759
Professional Target @ 789
Long Term Target @ 807
Average @ 712
I am expecting ICICI BANK to move UP in coming days.
Disclaimer: I am not a SEBI registered Financial Advisor. Please consult your financial advisor before investing.
Simple Trade Setup | ICICIBANK | 28-12-2021 [INTRADAY]NSE:ICICIBANK
Observations:
1) On 1 day time frame, it came back again above 100DMA.
100DMA is placed at 732.02. So level of 730-732 will work as immediate support level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 28-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ICICIBANK SHORTI hope you can now see how ICICIBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.