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ICICI BANK LIMITED ADR EACH REPR 2 SHS SPONSICICI BANK LIMITED ADR EACH REPR 2 SHS SPONSICICI BANK LIMITED ADR EACH REPR 2 SHS SPONS

ICICI BANK LIMITED ADR EACH REPR 2 SHS SPONS

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ICICI Bank: Breakout or Breakdown?1. Chart Overview Timeframe: Daily chart (1D). Pivot Points: Fibonacci Auto 15 Left pivots are visible, providing Support (S1, S2, S3) and Resistance (R1, R2, R3) levels. Indicators Used: MACD (Moving Average Convergence Divergence): Indicates momentum and trend changes. EMA (Exponential Moving Average): Integrated into MACD for smoother trend analysis. Price Range: ₹1,197.30 to ₹1,338.60 (consolidation band highlighted in blue). 2. Observations Price Action The stock is trading in a well-defined consolidation phase (marked by the blue rectangle). The support zone lies around ₹1,197, and resistance is near ₹1,338. Past trends show periodic breakouts above R3, which are followed by corrections back into the consolidation zone. Fibonacci Pivot Levels R1, R2, R3: These act as key resistance zones. Breakouts above R3 may signal strong bullish momentum. S1, S2, S3: These levels indicate support zones. Breakdown below S3 could lead to further downside. Recent candles show price testing the S1 zone near ₹1,259 and bouncing back upward. MACD Analysis MACD Line (Blue): Currently negative but rising, signaling a potential bullish crossover. Signal Line (Orange): Indicates momentum is still weak but improving. Histogram: Displays reducing negative bars, suggesting bearish momentum is waning. Volume Profile (Implied) Flat Trend: Suggests indecision or consolidation in recent months. Breakouts from such ranges are usually accompanied by a spike in trading volume. 3. Key Levels Support Levels: Immediate support: ₹1,259. Strong support: ₹1,197 (bottom of the consolidation zone). Resistance Levels: Immediate resistance: ₹1,338. Strong resistance: ₹1,400 (previous breakout levels). 4. Trading Insights For Bulls (Uptrend Expectation): A breakout above ₹1,338 with volume would indicate a continuation of bullish momentum toward ₹1,400 or beyond. Watch for a MACD bullish crossover above the signal line to confirm an uptrend. For Bears (Downtrend Expectation): A breakdown below ₹1,197 could lead to further downside, with possible targets near ₹1,100 or ₹1,050 (as per S3 levels). Bearish divergence in MACD or rejection near ₹1,338 could be early signs of a potential downtrend. 5. Recommendations Swing Traders: Utilize the consolidation range between ₹1,197 and ₹1,338 for range-bound trades. Buy near support and sell near resistance with tight stop losses. Breakout Traders: Monitor ₹1,338 for a breakout confirmation and ₹1,197 for a breakdown scenario. Look for volume spikes and MACD confirmation. Long-Term Investors: Focus on higher timeframes for trend validation. The stock remains in an overall uptrend, making ₹1,197 a potential long-term buying zone.
NSE:ICICIBANKLong
by TrueVithbyVishwanath
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.
NSE:ICICIBANKLong
by stoxsense
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.
NSE:ICICIBANKLong
by Imdx_HKR
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.
NSE:ICICIBANK
by TheGoldenFarmsofEquity
2
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 !!
NSE:ICICIBANKShort
by Vikrant_Mighty
4
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.
NSE:ICICIBANKEducation
by SkyTradingZone
3
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. 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.
NSE:ICICIBANK
by maneeshaggarwal
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:
NSE:ICICIBANKLong
by SkyTradingZone
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.
NSE:ICICIBANKLong
by EmpireCrown
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.
NSE:ICICIBANKLong
by EmpireCrown
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.
NSE:ICICIBANKLong
by EmpireCrown
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.
NSE:ICICIBANK
by NikunjSinghal