Hi
This is our weekly forecast, in this we are updating our weekly neowave view for bank nifty and 8 stocks. If anything changes in the count we will update you next week
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Icici bank Trend view, based on the price action chart pattern there is a high chance to break the trend line, chart pattern looks very well, rest everything mentioned on the charts.
Currently, ICICI Bank made a rebound after a correction. Levels of 747, 765 and 805 can be immediate resistance on the way up.
If the rebound fails, then, look for strong support at 710, below which 692 is another support zone.
Also, 734-682 looks like consolidation range and hopefully the stock should stay in this range if it falls.
Going bullish, a target of...
As we see the the bearish divergence in ICICI BANK we can short it after breaking 50ema and go for the targets as mentioned in the chart.we can go long only if it breaks the previous day high.
Continues it is following trendline
if it breaks than you can enter
keep an eye on it
Ask me about SL and target in DM
Insta handle @queenofstockmarket
#ICICIBank Unable to sustain above 800, closed Doji.
Long If Close above 802 with tight stop loss for target 850/900/900.
The total structure is very Bad for the Bulls.
Does no one know that Where will it take major support?
NSE:ICICIBANK is the best fundamental company in the banking sector.
After the gap up of 25th Oct stock fills the gap on the daily time frame, and now taking very strong support from 734 level.
Investors can buy this dip of 10% from the all-time high, it will be a very good investment for future.
I can see double bottom on ICICI bank one can take the trade afer retestibg or conforming the pattern target will previous high after that trail you stoploss.
If falls down red line will be your stoploss.
Before taking trade do your own analysis.
Icici bank is being consolidated from some time and surely going to move from its current level ie. 740.15 to 830 very soon probably in 60 to 90 days. The curve and arrow study is giving a clear indigation of its being increase from its current price. So make a sharp eyes on this top notch bank. the pistal has been loaded and ready to shoot.
The bank is fundamentally strong and the banking sector has completed correction and has started moving up.
ICICIBANK is undervalued and has moved above the 50 EMA after consolidating between 735 and 710. Expecting the correction in the broader market is complete, the bank is expected to give short-term returns of up to 15% in a timeframe of 45-60 days....
Date : 5-Jan-22
CMP : 788
Target: 865-->945-->1035
7D EMA crossed over 13D and 26D EMA.
MACD crossed over to buy zone with increased volume.
RSI is in buy zone.
