ICICI Bank : Good HOLD in current market- Q3 results was good and stock can open with a bounce tomorrow morning.
- Technically, it is trading in a downward regression channel, and at 200D-EMA (support), and can give a upside breakout. The zone of 1300-1330 can act as a resistance in short term, while downside seems to be capped at 1000 (worst case) with strong support at 1170-1150 level.
- The stock is expensive fundamentally, BUT can remain trading so given improved performance and is one of the safe against market volatility too in short term.
ICBA trade ideas
Bat Pattern And Major Trendline Support - ICICI BankThe price is trading below the Bat pattern neckline which indicates the further down fall upto D point. The Major trendline and Bat pattern D point support lies at same price which acts as a Major support.
Over the past six months, ICICI Bank's stock has experienced a slight decline, with a performance of approximately -3.38%. This period has seen fluctuations in its stock price, reflecting broader market trends and specific banking sector dynamics.
The stock has faced challenges recently, with a -7.47% drop in the last month alone, indicating some volatility in the short term. Despite the recent downturn, ICICI Bank's long-term performance remains strong, with significant gains over one, three, and five years, showcasing its resilience in the banking sector.
So we will wait and start buy at this support. This is for educational purposes only.
ICICI Bank Projection For Next 6 Months### ICICI Bank
- **Full Name**: Industrial Credit and Investment Corporation of India Bank
- **Founded**: 1994
- **Headquarters**: Mumbai, Maharashtra, India
- **CEO**:
- **Industry**: Banking, Financial Services
- **Products**: Personal banking, corporate banking, investment banking, wealth management, insurance, and treasury services
- **Stock Listing**: Listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. Also listed on the New York Stock Exchange (NYSE).
### Overview:
- **History**: ICICI Bank was originally established as ICICI Limited in 1955 as a development financial institution. It transformed into a commercial bank in 1994 and has grown to become one of the largest private sector banks in India.
- **Global Presence**: ICICI Bank has a global footprint with subsidiaries in the United Kingdom and Canada, branches in the United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman, Dubai International Finance Centre, and representative offices in the United Arab Emirates, China, South Africa, Bangladesh, Malaysia, and Indonesia.
- **Digital Banking**: The bank is renowned for its innovative digital banking solutions and services.
ICICI Bank is a prominent player in the Indian banking sector, known for its wide range of products, services, and extensive customer base both domestically and internationally.
ICICI BankDaily time frame shows that price is at double bottom support. Lower time frame shows price is consolidating at the support zone.
Sustaining above 1230 is important to be bullish.
Buy above 1232 with the stop loss of 1222 for the targets 1244, 1256 and 1268. If price did not gain bullish strength, it may move in range. Do your own analysis before taking any trade.
Option Chain Option chains provide specific data related to options contracts, including strike prices, expiration dates, implied volatility, and open interest. Traders use this data to construct options strategies, manage risk, and profit from price movements in the underlying asset.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
Advance Divergence trading Seeing divergence increases profitability by alerting a trader to protect profits. Technical traders generally use divergence when the price moves in the opposite direction of a technical indicator.
Strong divergence is the most reliable type of divergence, often signaling a significant reversal. It occurs when the price makes a new high or low, but the indicator fails to do so, indicating weakening momentum.
Advance trading Advanced trading strategies usually involve multiple technical indicators and more complicated instruments, such as options and futures. Why Not Buy Before the Dividend and Then Sell? By. Brian Beers.
Advanced traders use a range of sophisticated tools to decode market trends. This includes understanding complex chart patterns, trend lines, and technical indicators such as Fibonacci retracements, Bollinger Bands and Ichimoku Clouds.
ICICI Bank Ltd view for Intraday 11th Jan #ICICIBANK
ICICI Bank Ltd view for Intraday 11th Jan #ICICIBANK
Resistance 1275 Watching above 1290 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Support 1240 Watching below 1237 or downside movement...
Resistance area 1275
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI Bank Shorting Opportunity Confirmed: Multiple Bearish SignThe broader market has entered a bearish trend, and ICICI Bank, a less-moved stock compared to other banks, is now showing signs of catching up.
Technical Confirmations:
Trendline Break
Ascending Triangle Breakdown
Lower Lows
Entry for Short : 1245-1243 Range (Can Take 1240/1260 PUT Option Current Month Expiry and/or Next Month Expiry to avoid Volatility)
Target : Open/Mentioned.
STOP Loss : 1275/Swing High
How do you find this analysis? Follow for more actionable trade ideas like this!
Happy Trading !!
how to be professional traderEducation: Begin with a solid foundation in finance, economics, or a related field. Many traders benefit from a formal university degree, which helps them understand complex financial concepts and market dynamics. Understand Market Fundamentals: Knowledge of fundamental analysis is crucial.
While some traders have been successful in becoming millionaires through scalping trading, many others have lost money and blown up their trading accounts. It is important to note that trading carries significant risks, and traders should only trade with money they can afford to lose.
ICICI Bank Ltd view for Intraday 7th Jan #ICICIBANK
ICICI Bank Ltd view for Intraday 7th Jan #ICICIBANK
Resistance 1275 Watching above 1277 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Support 1240 Watching below 1237 or downside movement...
Resistance area 1275
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI Bank Ltd view for Intraday 6th Jan #ICICIBANK
ICICI Bank Ltd view for Intraday 6th Jan #ICICIBANK
Resistance 1275 Watching above 1277 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Support 1240 Watching below 1237 or downside movement...
Resistance area 1275
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI BANK : Triangle Consolidation (May Breakdown)CICI BANK may give a breakdown by closing below 1270
sell below 1270 with stoploss with tgt1 1233, tgt3 1142
as price goes up trail your stoploss.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
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ICICIBANK // levelsAs of January 1, 2025, ICICI Bank Limited (ICICIBANK) is exhibiting the following support and resistance levels:
Support Levels:
Immediate Support: ₹1,278 – ₹1,274
Next Support: ₹1,268
These levels suggest that if the stock price declines below ₹1,278, it may find support around ₹1,268.
Resistance Levels:
Immediate Resistance: ₹1,288 – ₹1,294
Next Resistance: ₹1,298
If the stock price surpasses ₹1,294, it could encounter resistance near ₹1,298.
These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions.
For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful:
ICICI Bank was incorporated in 1994 as a part of the ICICI ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
The objective of ICICI bank is to meet the needs of the private industry for long and medium-term funds in the private sector. In general terms, the main functions are: Assistance in the formation, development, and modernization of business in the non-public sector.
ICICIBANK Support & Resistance As of December 26, 2024, ICICI Bank Limited (ICICIBANK) is trading at ₹1,297.25. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,290.17
S2: ₹1,283.08
S3: ₹1,275.92
Resistance Levels:
R1: ₹1,304.42
R2: ₹1,311.58
R3: ₹1,318.67
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
ICICIBANK Support & ResistanceAs of December 24, 2024, ICICI Bank Limited (ICICIBANK) closed at ₹1,296.80, reflecting an increase of 0.65% from the previous close.
The following support and resistance levels have been identified for ICICIBANK:
Support Levels:
S1: ₹1,290
S2: ₹1,283
S3: ₹1,276
Resistance Levels:
R1: ₹1,304
R2: ₹1,312
R3: ₹1,319
These levels are derived from technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
ICICI potential breakdown or moving towards ATHICICI has been trending upward over the past year, consistently forming higher highs while finding support at the trendline. However, this time it appears to be forming a double top pattern, which could be a reversal signal.
There was sudden increase in volume on 20th Dec but could not take the price upward but manage to find support of trendline & 50 MA.
If the stock breaks below the trendline, it may lead to a sharp decline else we are definitely moving towards new ATH.