0A7M trade ideas
ICICI Bank might have completed its correction / FallAfter continuous selling pressure from 860 levels, ICICI bank has now lost the momentum on the downside.
It is evident by failure to make a new low on daily basis and increased volume, even today it made a news high with volumes after 6 bars as marked by box.
This shows the supply is being cornered, sellers are failing to make a new low.
The higher high higher low structure on weekly is intact.
Interesting is the RSI divergence on daily chart & trend line breakout on line charts.
Below is the trend line breakdown on weekly charts.
Important is to note that the large red breakdown bar is in the end stages of downtrend, looks a blow off bar with volumes.
Simple logic is why market maker will sell aggressively at lower levels? he could have done that at higher levels only.
Another point is that red bar is followed by indecision bar, hence the breakdown is followed by indecision zone and not follow up selling.
To conclude the breakdown failure chances are high, resulting in bear trap.
One can accumulate with 650-660 SL on weekly close basis.
RR is favorable, current Risk is around 9-11%
This can be good levels to accumulate for delivery purpose too
Note: as there is continuous down trend, stock can take a breather and give sideways movement & then resume its up-move.
ICICI BANK INTRADAYBuy above SidewaysZone 719 activated, and targets R1 & R2 reached.
ICICI BANK DEC 720CE WENT FROM 20 TO 33, 13POINTS PROFIT i.e RS.17000 PER LOT PROFIT.
Indicator used S&R by KuberPriya.
ICICI Bank - Bullish reversal from supportNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish reversal from support. Trend line support and 100 SMA support seems to be coinciding. Relative strength is more than Nifty as well.
SL: 692/-
ICICI Bank BreakoutICICI Bank has broken out of a Falling Wedge on a 1D Time Frame.
An Upside Target of 787 can be looked upon based on the Breakout Pattern of the Falling Wedge.
ICICI Bank BreakdownICICI Bank has given breakdown from a consolidation in a range
we can short tomorrow if momentum in down side continuous in ICICI Bank
ICICI Bank Trend Channel HourlyICICI B is in a bear trend channel and has recently broken a local support, can go on to touch the demand line of the bear channel now, also a longger term support below, where we can expect a reversal.
ICICIBANK - @ crucial support on day's chartI see it on a crucial support. One can trade based on the breakout on either sides.
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
ICICIBANK Trading @ support NSE:ICICIBANK
#ICICIBANK Trading@support level and high chances to break, All levels mentioned on chart.
Levels marked either ways for safety.
Icici bank for next week Consolidation in a falling parallel channel.
High chance of bullish momentum.
ICICI BANK 15 MIN CHART, One can look at CHARTS OF ICICI BANK, and take position as per the market direction
Elliot Wave 5 ICIC Bank looks weak. Time to short when it breaks the swing low.
Disclaimer:
The above analysis is for educational purposes.
just for educational purposetrying out the swing analysis this is just for educational purpose
always trade with stop loss understand the risk
happy trading :)
BUY icici bankicici bank currently too oversild situation & bottom side tradeline also coming to its very hard to brk directly
and 2nd one two gaps are pending to fill upside so, its possibilty to goes up for fill the gap , i know currently is strong selling but its opportunity to buy for small targets
buy CMP
target = 750 ,760
Disclaimer:-
My presentations, and writing are only for educational purposes and are not intended as investment advice.
I cannot guarantee
the accuracy of any information provided.
ICICI Bank gave breakdown at long trendlineShort below 716
Stoploss is 735
Targets 690/675
Positional trade
ICICI BANK Daily Chart Pattern Analysis 26.11.2021ICICI BANK as per daily chart analysis has back in its consolidation zone and the support level at 706 / 687 and 673 level for the stock to consolidate and reverse.However one can see a fresh buying opportunity only after full correction completed.
Descending wedge with double bottom !!Stock after correcting by more than 10% from its high levels, has formed descending wedge and also kind of double bottom at 756 levels on daily chart.
Also, the gap area of 760-800 (formed in October) has been filled. We can see subdued volume action during the retracement.
Now, one can consider long position at cmp or wait for the breakout above upper trendline, with a SL of 740 on weekly CB, for the targets of 785 and 810 with more than 1:2 RR.
Kindly do your analysis before initiating trade.
ICICI BANK Daily Chart Pattern Analysis 25.11.2021ICICI BANK as per daily chart analysis today it has formed a hammer candle and tomorrow it should break the channel to move uptrend. Happy Trading to all
How to trade like the Institutions/Banks? - Selling narrativeWith this post, we'll try to understand the selling narrative of the institutions and how they trap the traders on both sides. Just remember this one thing, "the market is never moved by retailers, only institutions can do that".
The only reason why the institutions sell is to buy at lower prices. Nothing more than that.
This happens in the following way:
1. Institutions initiate selling near a support level so as to create a narrative of a "Bearish trend".
2. When the narrative is set, the retailers think in the following ways:
•Longs fear for their stops below the support line
•Others wait to initiate shorts at the close below the support.
3. When the price closes below the support level, two types of orders are placed instantly. Stop losses of longs and fresh sell orders of the shorts with buy stops above the support line.
4. Longs get stopped out. These retailers are selling to institutions which acts as a discount for them.
5. Breakout shorters start shorting but their stops get taken out in the next few candles when the institutions move the price back up in the intended direction.
6. In this way, the majority of the retail longs and shorts are taken out of the market.
After the initial rally, the price returns to the demand block for the following 2 reasons:
1. To fill the pending buy orders from institutions
2. To close the shorts which the institutions initially opened so as to push the price downwards. This is also called mitigation.
After the longs get filled and the mitigation is over, the price moves back up in the original direction.
This process repeats like the clockwork. You can go and back test on any time frame. The only thing that requires skill is the identification of these phases in the live market, which obviously takes a lot of practice. The more you practice, the better you will become.
If you don’t believe in these concepts and are trading profitably using the indicators, then just ignore this post. This post is meant only for those who want to get an insight as to how the institutions work. All these concepts are real and work very much, you are free to read from Google.
Also, if anyone is interested in getting a PDF version of this thread, then you can check the links under this post. I spend a lot of time creating these educational posts, illustrations, charts, and PDFs. Please be appreciative of that and leave a like and comment if you found these helpful. It will help to know that people are reading these posts.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Icici bank can go long after strong breakoutDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
