ICBA trade ideas
ICICI BANK : BreakoutICICI BANK has clearly given a breakout by closing above 1340.
Buy here with stoploss 1313 with tgt1 1370, tgt2 1410, tgt3 1472
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.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
ICICI bank to test Pivot Levels , Selling may Continue till 1280After two Consecutive Selling sessions , it may or may not be a bearish moment in immediate session but to test pivot levels at 1280 and may bounce back to Higher Prices ,
Forming Lower lows consecutively , but didn't step into oversold zone still as per RSI ,
the 3 month trendline and Moving averages on daily chart shows it may test the pivot levels sooner ,
FII net buyer today but still prices were lower , if trend continues the FII may become selllers too , before going up , the prices may see some correction till 1280 in near future .
May hold buying or go short for short term .
ICICI bank Selling Pressure and ConsolidationHaving its median around 1340 for 18th Dec , and previous closing at 1333.75 , May open higher or at the closing the next day if the Selling Pressure continues it may reach till 1314 which act as a very strong support , at weekly and monthly also , but the trend for icici may change to Bearish .
Average Volume and price decline indicates Short build up , bearish sentiments may continue if the bank nifty is in selling pressure .
ICICIBANK Support & Resistance for the dayHere are the current support and resistance levels for ICICI Bank (as of December 2024):
Daily Levels (Intraday)
Support Levels:
S1: ₹1,320.95
S2: ₹1,312.65
S3: ₹1,303.75
Resistance Levels:
R1: ₹1,338.15
R2: ₹1,347.05
R3: ₹1,355.35
Weekly Levels
Support Levels:
S1: ₹1,301.03
S2: ₹1,273.07
S3: ₹1,250.03
Resistance Levels:
R1: ₹1,352.03
R2: ₹1,375.07
R3: ₹1,403.03
ICICI Bank – Sustained Bullish MomentumTopic Statement: ICICI Bank has been rigorously bullish since the 2020 market correction, with strong upward momentum.
Key Points:
1. The stock price is moving within an up-trending channel, ideal for buying at the lower end and selling at the upper end.
2. A triple top candlestick pattern is forming, signaling a potential breakout and further bullishness.
ICICIBANK LOOKING GOOD TO SOAR HIGHICICIBANK is currently trading at 1328.75, showcasing a strong breakout and successful retest at a critical level, where the previous resistance has now turned into support. The stock has consistently performed exceptionally well since its inception, supported by great fundamentals and a solid technical setup. With this bullish momentum, a significant rally could be on the horizon in the coming weeks. The levels and targets for both short-term and long-term trades are clearly defined and promising.
P.S. The long-term outlook extends until the end of next year.
ICICI Bank is likely to stay in its channel, No breakouts!ICICI bank has had a really good year, outperforming its rivals with 31.1% Returns in last 1 year while its main competitor HDFC sits at 13.9%. ICICI Bank is already trading slightly above its 3 Year Median PE.
All this points that a breakout from ICICI's current parallel channel is very less likely, and the bank is going to continue to stay in this channel only.
The lows will be formed either at bottom line of the channel or center line. This will create technical BUY signals for this stock.
targets open in ICICI BANKICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 9,21,925.00 Crore).
ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2024.
ICICI Bank: Cleared for Takeoff? Targets Locked and Loaded!✈️ ICICI Bank: Cleared for Takeoff? Targets Locked and Loaded! 🚀
ICICI Bank is currently cruising at 1,300-1,310, but it’s looking ready to engage afterburners and soar to new heights! With flight path checkpoints at 1,362, 1,403, and a final mission target of 1,449, this banking jet seems all set for a high-altitude adventure. 📈
The engines are humming, and ICICI is looking like a top-gun contender, ready to outmaneuver the bears and climb to its next airbase. First stop: 1,362 — a routine check-in. From there, it might throttle up to 1,403 and, if everything goes as planned, reach the high skies at 1,449. That’s the kind of altitude that makes even veteran pilots proud! 🛫
Traders, strap in and keep your radar locked on. This flight looks strong and steady, but as always, keep your ejection seats (stop-losses) ready — just in case ICICI decides to buzz the tower and regroup. For now, though, the sky’s the limit! 🚀✈️
Here’s to ICICI Bank’s upward mission — clear skies, strong tailwinds, and a smooth ride to 1,449 and beyond. Over and out! 🛬
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
ICICI Bank. Short Swing Below 1200. Targeting 1060.ICICI Bank looks weak on Charts after having Given a Great Run.
Reasons to consider Shorting below 1200
Technicals :
1. Rejection from fresh Weekly Supply Zone established around 1280.
2. Double Top in formation, to complete upon breakdown of 1200
3. Bullish Channel Breakdown
4. Bigger Parallel Channel Resistance Hit at ATH
5. Rsi Bearish Divergence on Daily Timeframe.
6. Breakdown of 50 and 100 DEMA
Options Data : Put Writers around 1250 1200 will unwind, triggering sharp down move.
TP1 : 1170 ( 200DEMA, Minor Demand Zone territory, 1.0 of Trend based extension)
TP2 : 1100 ( Major Demand Zone Territory, Nearing Lower Band of Parallel Channel)
TP3 : 1060 ( Point of Max Pain, Bulls will try to defend this level at any cost, upon failure to defend the 1000 1060 zone, would result in testing of 800)
SL: Weekly Closing above 1260.
ICICI Bank cmp 1269.30 by Daily Chart viewsICICI Bank cmp 1269.30 by Daily Chart views
- Support Zone 1242 to 1257 Price band
- Support at 1231 > 1193 > 1155 with Resistance at 1299 > 1331 > ATH 1362.35
- Stock Price trailing along Rising Support Trendline with attempts to Test Retest Support Zone
- Volumes are steady and stable but need to increase for upside momentum continuity else breakdown is probable
ICICIBANK - In the ZoneLike market even ICICI bank is now appears to be stuck in the zone
With 2 strong supports on the downside as 1240 & 1265-90-10
Also 2 strong resistance on the upside as 1290 & 1310
It seems stock may not come out of this zone anytime soon
Good opportunity for strangle straddle players
An extended zone of 20 points is stop loss on the both sides