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ICICI BANK LTDICICI BANK LTDICICI BANK LTD

ICICI BANK LTD

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ICBA trade ideas

ICICI Side Base for intraday 2nd JanuaryICICI is consolidate between 990-1008 Overall view of this chart: create high near about18 December after that create a downtrend and at support area 990 it's consolidating . If break 990 and price wait under 990 for 1-2 days then we can see a downtrend move for this stock. If price goes up above 1008 don't create position wait for retracement . after retrace our entry will be occur. Also we have to aware about fake breakout and breakdown. Indicator: MACD indicate bullish divergency .( Upside move may come )
NSE:ICICIBANK
by KaustavHazra
ICICIBANK - The Gabbar of BANKNIFTY forms H&S in 30 Min ChartsUnveiling the Head and Shoulders Pattern on 30-Minute Charts Introduction: In the dynamic world of stock trading, technical analysis serves as a powerful tool for investors to identify potential trends and turning points in the market. Recently, ICICI Bank has caught the attention of traders and analysts as it has formed a significant technical pattern on its 30-minute charts – the Head and Shoulders pattern . Understanding this pattern and its potential implications can provide valuable insights for those navigating the complexities of the stock market. The Head and Shoulders Pattern Defined: The Head and Shoulders pattern is a classical reversal pattern that often signals a shift in the prevailing trend. This pattern typically unfolds after a bullish trend and consists of three main components: a left shoulder, a head, and a right shoulder. The formation resembles the outline of a head and shoulders, hence the name. Key Characteristics of the Head and Shoulders Pattern: Left Shoulder: - The left shoulder represents the initial phase of the reversal pattern and is formed by a peak in the price after a bullish trend. It is followed by a decline, indicating potential weakening of the uptrend. Head : - The head is formed after the left shoulder and represents a higher peak in the price. This signifies a last attempt by buyers to push the price higher. However, the failure to establish a new high results in a decline, marking the formation of the head. Right Shoulder: - The right shoulder follows the head and is characterized by another peak, similar to the left shoulder. This peak is typically lower than the head, forming a neckline. The right shoulder's formation indicates a continued struggle between buyers and sellers. Neckline : - The neckline is a horizontal line drawn across the lows of the left shoulder, head, and right shoulder. It serves as a crucial level of support, and a breach of this line is considered a confirmation of the pattern. ICICI Bank's 30-Minute Head and Shoulders Pattern: As we analyze ICICI Bank's 30-minute charts, the formation of a Head and Shoulders pattern becomes evident. The left shoulder, head, and right shoulder are clearly identifiable, and the neckline acts as a critical level to monitor for potential confirmation. Left Shoulder Formation: The left shoulder is marked by a peak in price, followed by a decline, signaling the end of the preceding uptrend. Head Formation: The head is formed as the price attempts a higher peak but fails to establish a new high. This failure results in a subsequent decline. Right Shoulder Formation: The right shoulder mirrors the left shoulder, and the neckline connects the lows of these two shoulders and the head. Neckline as a Key Level: Traders and analysts are closely monitoring the neckline as a crucial level. A decisive break below this support line could validate the Head and Shoulders pattern and indicate a potential reversal in the stock's direction. Conclusion: The identification of a Head and Shoulders pattern on ICICI Bank's 30-minute charts suggests that the stock may be on the verge of a trend reversal. However, it's important for traders to exercise caution and await confirmation through a clear breach of the neckline. Technical analysis is a valuable tool, but it should be used in conjunction with other indicators and thorough research to make informed trading decisions. As always, market participants are encouraged to stay updated on relevant news and market developments that may impact the stock's performance.
NSE:ICICIBANKShort
by HappynessPro
ICICIBANK Stock: A Strong Contender in the Indian Banking SectorICICIBANK, one of India's leading private sector banks, has demonstrated resilience and growth potential, making it an attractive option for investors. TradingView chart of ICICIBANK (NSE: ICICIBANK) stock. The price is currently at INR 924.65, and the volume is at 5.645M. Here are some key observations about the chart: The stock has been in a consolidation phase since early August 2023. The stock has bounced off its major support level at INR 900.00 several times in the past. currently ICIC bank is at support level. and we we check the historical trend of the stock. this time we should go long from the support level. The next resistance level is at INR 935.00, and I believe that the stock is likely to test this level in the coming weeks. Tips for Trading ICICIBANK Stock: Utilize stop-loss orders to limit potential losses. Avoid chasing market movements and wait for pullbacks. Exercise patience and wait for opportune entry points. Disclaimer: The information provided in this analysis is solely for informational purposes and should not be construed as investment advice. Investing in stocks involves inherent risks, and there is no guarantee of future returns. Before making any investment decisions, it is crucial to conduct thorough research, assess your risk tolerance, and consult with a qualified financial advisor
NSE:ICICIBANKLong
by TRADING-NASA
Leading the banking packFib Analysis- In the previous swing the stock made its fib grid from a lower candle instead of the highs, hence I will take the current rally with a pinch of salt. It broke out above 900 and then retested the zone again. Trendline- It is beautifully respecting the trendline. Hence to me the break of this trendline will be the first indication of a change in trend. So ride the rally as long as it is above this trendline. RSI- that it is taking support over the bear zone of 60 is a sign of strength. Fib Extension- Am looking at a min tgt of 1100 and max of 1297 for the current move.
NSE:ICICIBANKLong
by singh17vivek
ICICI Bank - At Long Term Support LevelThe chart depicts the current price structure in ICICI bank. Key points✅ ✅in weekly chart, price movement in rising wedge and in past, significant return generated from support level ✅currently price at long term support level. ✅in daily chart, price moving in parallel channel between Rs 940 to Rs 1000 ✅above 200 ema but below 50 &20 ema ✅potential return 10% from current level with favourable risk and return factor. Thanks -aJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:ICICIBANKLong
by Indieconomic
ICICI Bank - Target 1275 +Stock is in the most powerful wave of its lifetime, minuette 3, of minor 3, of primary 3 of Cycle 3! All the previous waves, of this cycle 3 (primary 2, minor 2), have been defying all the fib retracement levels so far by big margin. 200 daily EMA at 925 and anchored VWAP at 924 is showing good support. Will write more detailed analysis later, I am going long big time on this! NB - I am also enthused by phenomenal results declared for Q2FY24, not because of numbers, but because of structural marked improvements in core business, low unprovisioned writeoffs, and focus on retail which is the key driver for NBFCs/banks post corona. As an insitution, it has always been having good quality employees. Detailed writeup during weekend.
NSE:ICICIBANKLong
by Gjain75
7