ICICI Bank has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a BUY signal.
On smaller time-frame, the stock broke the resistance level and is currently standing at its retest.
If the stock breaks the now support line (i.e....
THERE IS A HUGE DIVERGENCE IN THE PRICE RATIO GOOD TIME TO EXECUTE PAIR
STATISTICAL ARBITRAGE POSSIBLE
PAIR TRADE
SBI-VS-ICICI
BUY SBI FUT @286
QTY:1 LOT
BUY SBI CASH @285.45
QTY:972
SHORT ICICI FUT @413
QTY:2 LOTS
WAIT FOR MY EXIT SIGNAL!!
Around the World, Indice Derivatives are the highest traded contracts.
Understanding the Indice's formation is more important to trade them.
90% of the Global Indices are Capitalized weighted and to understand their formation, we need to go deep in to the mathematics to reconstruct the Indice based on allocated weightage of the stocks.
The Primary advantage of...
For each U-term, this stock is created TAIL.
Look at the box, I have drawn TAIL so you can easily check it. Suppose, wave(2) has Turn then it will create a tail on hrs chart.
Resistance 423 nearby.
Predicted waves if everything fine.
Declaimer: This analysis is for Educational purpose and not for trade and investment.
ICICIBANK - Weekly - Cup n Handle
Target : 550- 600 Approx.
This analysis is invalid, if Weekly Close below : 290
After its strong results, the stock could not perform due to weak market conditions in the last
many weeks. It has been in a sideways consolidation
It is now attempting to build another leg up .
Buy abv 422 with stops at 410 for target of 438
ICICI can test 405, if we see down trend had started, and we have seen large volume with price decline which shows market has created short on this stock.
NSE:ICICIBANK
Only for education and information purpose. Should not be taken as a trading call
ICICI BANK
SHORT RANGE 433.80 TO 436
SL 441.60
T1 429.50 BOOK 75% T2 425.50 BOOK ALL OR USE TSL
CHART BY HARMONIC LEARNING AND EARNING
ICICI Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. The Bank's business segments are Retail banking, Wholesale banking, Treasury, Other banking, Life insurance, General insurance and Others. It has a network of approximately 18,210 branches and automated teller machines (ATMs). The Bank has approximately 110 Touch Banking branches across over 30 cities. Its international banking is focused on providing solutions for the international banking requirements of its Indian corporate clients and leveraging economic corridors between India and the rest of the world. The Bank caters to the financial needs of women entrepreneurs through its Self-Help Group (SHG) program as a part of its microfinance initiatives.
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ICICIBANK
