ICBA trade ideas
ICICI Bank: Chart set upICICI Bank
Observations
- We are looking at daily chart of ICICI Bank
- 5 day EMA and 21 day EMA at 1117 & 1119 respectively
- red line of resistance around 1133-1137 odd levels
- stock is near blue line of support for the 5th time ( not a conducive scenario)
- 200 day EMA and green line of support around 1031-1040 levels
For me this does not give confidence to go long on this stock at current price.
From a short term trading perspective a Bear Call Spread strategy may be considered.
Example of a Bear Call Spread Strategy
Sell ICICI Bank 27 June 2024 expiry 1150 Call currently around 20
Buy ICICI Bank 27 June 2024 expiry 1180 Call currently around 11.4
Net receivables 700* 8.5 = Rs 6020
Margin required around 48K
Potential Profit Margin 12.5%
Loss Protection for a rise in stock price up to 1168.6
For me Ideal levels to buy the stock from a longer term perspective where Risk::Reward ratio would look favorable 990-933 odd levels.
Follow risk management and consult your Financial Advisor before taking any action.
Take care & safe trading...!!!
VIEW ON ICICI BANKBreakout on the stock
Stock above previous days high
Target 1145/120
Stop loss 1120
I am just representing my views
For educational purpose only.
ICICI BANK // 23-05-24 // at Support Area This share trading at support area, may give 5% profit. Take position as per your risk reward ratio and that is not recommended only for educational purposes.
Bearish Flag breakdown in ICICIBANKICICI BANK LTD
Key highlights: 💡⚡
✅On 1 HOUR Time Frame Stock Showing Breakdown of Bearish Flag Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1055-.
✅Can Go short in this stock by placing a stop loss above 1134+.
ICICI Bank Target 1170ICICI has done very good re test and consolidation and moving up strong with good value buying and indicating good bullish trend and 1170 could be easy in few days.
Ready for new highsICICI Bank CMP 1146
The correction halted at 50% Fib retracement from a higher swing an indication of strength. The trendline support is now telling me the stock is ready to make new highs.
ICICIBANK | Add To Watchlist📊 DETAILS
Sector: Bank - Private
Mkt Cap: 761,335 cr
ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points.
TTM PE : 17.94 (Low PE)
Sector PE : 24.22
Beta : 0.92
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
0.49% away from 52 week high
Outperformer - ICICI Bank up by 5.92% v/s NIFTY 50 up by 2.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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ICICI BANK PULL BACK TRADE on daily chart long consolidation support zone if down than small stop re entry
ICICI BANK 1HR- EARN WITH ME DAILY 10K-20K -
ICICI BANK Looking good for Downside..
When it break level 1150 and sustain.. it will go Downside...
SELL @1150
Target
1st 1143
2ND 1136
SBIN MAY FUT – LOT 7 (Qty-4900)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
Why this sharp uptrend, then comes down, to hit stoploss? No.!Whenever a sharp down trend forming after a long sideways move, One might think that this is being done purposfully to hit the stop losses. But obviously no.
Whenever the sideway move forms after an impulsive move. Its worth to test the upper move is arrested or not. hence, Once again testing peak again, Normally this will take the move much more upwards when the trend succeeds.
On the Other hand when it fails, it will take the sharp reversal and might continue for the quite some time.
ICICI Bank Ltd (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
ICICI Bank Ltd
Target: RS 1210
CMP: RS 1150.40
ENTRY RANGE: 1135-1162
STOP LOSS: RS 1105
Disclaimer: I am not Sebi Registered.
ICICIBANK - Ichimoku Breakout📈 Stock Name - Icici Bank Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1163.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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ICICI Bank Negative Divergence on Weekly Charts₹₹ICICI Bank at upper trend line & every time selling seen when it comes near trend line. Also RSI showing Negative Divergences with prize. Selling below 1111 will be fast. If there will be no breakdown it may go sideways. Plz before trading study charts carefully with proper risk management & do your own research also. Thanks you
Bullish for next 3 monthsIf support of 1055 remains intact possible final targets of 1249 that is 12% from CMP in next 3 months are possible. Nifty just broke out from cup and handle pattern, all looks good.
T1: 1149.80
T2: 1207.70
Final target: 1249
Support: 1055
ICICI bank chart pattern Head and shoulders pattern formation if break neckline go for short
Time frame 15 minutes
ICICI is very Bullish and BN is sure Buy in CE sidewith ICICI declaring very good numbers and also in charts ICICI Bank showing upper levels in coming days and weeks for sure. Already HDFC Bank is showing support, Axis is positive and now ICICI given very good results. I only see CE Buy in Bank Nifty and this will support Nifty as well. Do not short Indian markets right now. In my view both Bank Nifty and ICICI is good buy for higher levels.
HOLD TILL ATH only*Anticipated move has arrived.
DON’T CHICKEN OUT. Market can fly very fast from here leaving everyone on the sidelines
ICICI BANK BULLISH AF Earnings gonna be explosive. Mental run up possible like shown the chart. May call options best to swing.
icici bank is ready to touch 1117 and moreicici bank is moving upwords after good consolidation and so it will move ahead of 1117 soon
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible.
To monitor:
The exponential moving averages 50 (in pink) around 991 ,
and the exponential moving average 200(in white) around 793.
A possible Double Top is detected.
+ there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying!
So a bearish return is possible
Be safe!
ICICI BULLISHIcici bank loiks like bullish. You can plan a trade with a small stop loss of 6 to 8 ruppees and take profit if 3% or more.
Study and plan your trades accoordingly.
