ICICIBANK - Ichimoku Bullish Breakout Stock Name - Icici Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 892
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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ICBA trade ideas
ICICIBANK BULLISH#ICICIBANK closing 852.4 with stop loss 830 then targets are 880-900-950+.
Buying Reason.
1 --> Price close above 20 & 200 #EMA.
2 --> #RSI is ready to cross above 60.
3 --> Volume is also good and Buyers are active.
4 --> ADX is showing #Bullish move and +DMI #Rise.
5 --> Bollinger Bands are open in Upside.
6 --> #Weekly Candle is also close to above 50 #EMA.
ICICI Bank - Intraday Trade || 21st March, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the 21st March, 2023
2. The analysis for the Intraday Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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ICICIBANK 1D (20 MARCH 2023)NSE:ICICIBANK
SUPPORT LEVEL :813
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
this is only for educational purpose. before taking trade take advice from your financial advisor.
877 strong resistnce. if it sustained above then can predict upside move.813 act as a support ,market can follow this level.if broke support of 813 level then 782 will be the point to achieve.
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = ICICI Bank
Time Frame = 15 min