Long buildup can be see in icici bank on daily charts. as you can see the bullish pattern formations on the charts so its a BUY with a target of 280 and a strict stoploss should be maintained at 245 on closing basis. because its seen that most of times it just gives shadow at the bottom levels .
ICICI Bank is trading in Upward Sloping channel, It has bounced from its Support zone of 252 So We can BUY ICICI Bank Around 260 - 262 with a Target of 275 and 288 with Stop Loss of 252
short the stock as we can see the dark cloud cover over there and bearish engulfing pattern and price below 8 ema and hence giving bearish outlook
It is been observed on the daily chart that the price action forms a two harmonic patterns. 1. Bearish Crab Pattern 2. Bullish Cypher Pattern I have covered different harmonic patterns in the educational series which you may find in below attachments. I shall be sharing an educational post on Crab and Cypher patterns by this weekend for better...
icicibank near rectangle pettern breakout or break down good support around 254-258 resistance 264-266 and target 290+292
ICICI bank has been trading in a rising channel and now near lower band of channel and should take support at lower band of this channel, hence generating a buy call in it with sl just below the support line as shown in the chart with expected gain of around 20% in next 30-45 days.
ICICI Bank has been trading in gradual up trend respecting support and resistance, it closed on weekend almost touching the uptrend channel support and there is limited space for for next support if on Monday if goes down it may touch 248 and this will be a good buying zone with a target of somewhere between 300-310 in near term. traders may enter long or may wait...
Good support at 254, and expecting markets to give a little bounce from here. Expecting a target of 266 on ICICIBANK. Strict SL should be followed at 254.
I am seeing some buying at current level where I also found fib ratio cluster. Also stock trading at lower bottom of upward channel. One can look for a buy with minimum risk.
Icicibank is giving short breakout @260.10 below which it can go to 257.10 if do not break 262.20 on upside.
Buy @ Open tomorrow at market price. Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script. This system works on Daily bars and so entries or exits are at the next day open after getting signal. Key performance metrics generated from TV Backtester is published below (2007 to 2016). Enter with 1/10 th of your trading...
ICICIBANK looking good for ling bvut not in current levels wait got 255-60 and then buy with sl 252 because icicibank in uptrend channel
ICICI Bank trading in a rising channel respecting the support and resistance, it has been approaching to its channel support with a target of somewhere between 250-248, As the bank nifty has been under pressure and doesn't seem strong enough to go upward. it closed on forming doji means undecided whether go upward or downward but there is a strong changes are...
ICICI Bank closed at the top of trend line.It also a double top.Last time its down trend started from here touched to Rs.180 from where the trend reversed. The bank’s gross non-performing assets (NPAs) more than doubled to Rs32,178.60 crore in the three months ended 30 September from Rs15,857 crore a year ago. Gross NPAs made up 6.82% of the bank’s loan book,...
This would be the possible short term view for the icici bank. I hope it goes well, as anticipated. Regards
It would be very adventurous to predict such a move for one of the biggest banks, but it feels very convincing analysis, I just want you guys to keep this analysis in mind while making any bets, rest make your decisions on your points and analysis. The idea here is the completion of the FLAT ABC pattern. I know the chart is messy but I feel the message is...
It is been observed that the price action is overall trending in a uptrend channel with a short correction in downtrend channel highlighted in blue. Now, on the result day it may touch the resistance level at 280 levels or may go down to 260 levels to next support. Upside: 280 (Resistance) Downside: 260 (support)