ICBA trade ideas
Descending wedge in ICICIBANK Market Cap
₹ 508,785 Cr.
Current Price
₹ 733
High / Low
₹ 867 / 489
Stock P/E
24.0
Book Value
₹ 227
Dividend Yield
0.27 %
ROCE
5.73 %
ROE
13.1 %
Face Value
₹ 2.00
ICICIBANK important levels for long term investmentICICIBANK important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Simple Trade Setup | ICICIBANK | 22-12-2021 [INTRADAY]NSE:ICICIBANK
Most of all the levels and trade setup remains same as per previous.
Trade Setup for Date: 22-12-2021
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.
Simple Trade Setup | ICICIBANK| 21-12-2021 [INTRADAY]NSE:ICICIBANK
Observations:
1) On 1day time frame, it is trading above 200DMA.
200DMA is placed at 673.87 level.
Also it has immediate support at 700 level.
On Daily time frame , it has also made rounding top pattern. Neckline is at 709.
Better to avoid trade between 700-709 level range. If it trades above 709/710 level then we can see failure of rounding top, but it may create inverted cup and handle pattern.
Below 700 it will be weak and can go to test 200DMA. Which will be very critical support.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for Date: 21-12-2021
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.
Head and Shoulder Pattern in the making Stock price movement has formed head and shoulder pattern on monthly price chart. Best seen when you change chart type from candles to line. An investor has to observe caution as this pattern is the reversal pattern. We have to watch out for further price movement. If the price falls below neckline drawn on the chart then fall may continue up to height of head from neckline. However, seldom actual drop confirms according to textbook fall. But, further buying shall only be initiated if price movement does not lead to head and shoulder. RSI on monthly chart indicates enough upside possible in the stock
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.
ICICI Bank is now on the radar.On Thursday(16/12/2021), we saw many banking stocks close in the red. The indices, also in red, closed above 36,500. Well, we know it's an important level of banknifty. It also important to watch how Banknifty is going to perform.
* ICICI BANK, with a weightage of 5.84 percent NIFTY50 stock, is down nearly 18 percent from its recent high, making now an good time to add to your long-term portfolio.
*Recently, many analysts were also bullish on the stock, and we saw it shoot up. price action movement as well.
*Before entering into the stock, just look at the daily chart and draw a fib retracement line (867) between the recent high and (710). Look at where the 0.5% line and the same line recently took resistance near (770).The lower side (710-700) is actually acting as a good support level. Well, we can consider this respecting the price action.
*In that case, considering the fib line, the current level looks good near (740). From the price action, we can expect bullish moments from there. If that respecting, I am confident about entering into a long position with strict SL.
ICICIBANK Trade live Setup Dec 15 ,2021Trade on your own risk . I will not be responsible for your loss or profit
wait for double confirmation .. You will get perfect entry after that as weel as perfect stoploss and target
ICICI Bearish Harmonic XABCD patternICICI bank Formed a bearish Harmonic XABCD pattern
Levels and tgt are given on the chart
ICICI BANK -- LONGThis script is in positive trend for a quite a time now and after a small pullback its back again .... Buy with strict SL
ICICI BankICICI Bank long view its negative buy only if crosses the high 757 and sustain above it.
on long the pattern shows negative and a fall of 24% to 40% possible based on previous pattern.
please note it is as per my analysis.
LOC 737Once LOC of 737 is crossed & sustained, it'd open the gates for 850+ and will help both NIFTY and BANKNIFTY. Keep a close watch!
ICICI LONGIt has broken trendline and given breakout and if comes to the supply was broken will act as a demand
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
