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ICICI Bank Limited

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IBN trade ideas

ICICI Bank - Update 2 1. Closing of 10th October 951.2. 2. Closing of 13th October 951.3. 3. Closing of 16th October 951.4. Means there is gradual increase in closing as well. Index parent (Bank Nifty is also following almost same pattern), Levels of Gann Circle 945, 952, 957, 960, 961. means if 945 is not broken, there is nothing to worry. since lows of last two days are above this; should not be a problem. Swing lovers can adhere to these levels also. 961 is the major hurdle. To repeat candle to watch is 10-18-23 10:39 AM. Please check update 1 as well. Link provided.
NSE:ICICIBANK
by rekhi567
ICICI Bank - Update Please check the data reflected on the chart. 1. Today's low was 946.15 which is higher that highs of 5th and 6th October. 2. Today's close is also above these levels. (Means it is making higher lows as shows by grey curve in the graph and marked by white horizontal lines in the chart. 3. However, the price is stuck up between two trend lines, one from below and the other one from top. Making a triangle pattern. 4. Price is below 200 moving average in 1H as shown by 200 SMA of white color. Please refer to my previous discussion on this stock as well. Link provided Conclusion: Though, it is making higher lows but higher high has still not be broken. You may observe, that Options written on Friday are rarely changed till Tuesday therefore, bears are still having the control and not willing to let it go above 200 moving average; though gradual bullishness is coming into Play. Important: 10-18-23 10:39 AM candle in one minute chart it going to play a major role. Mark high and low of this candle on Wednesday and find amazing results. Buy above this candle only.
NSE:ICICIBANK
by rekhi567
ICICIBANK Long Opportunity (Inverted HnS formation)ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence. Stop Loss: SL for this trade has to be 936 Entery: Entries can be made once the price crosses and closes above 962 at least on a 30 min TF. You can also wait for retest of the resistance for better risk reward. Target: Targets can be 1000+ & New ATH
NSE:ICICIBANKLong
by ST_SNOOPY
ICICI Bank Break out For the purpose of ease of understanding of every one of us, I have not depicted Elliot Waves but just to mention that ICICI Bank has crossed it previous waves and is ready for the next move. Two Triangles have been drawn, one with Purple Color and the other with White. Purple triangle has been crossed and it has entered into white triangle. Drawn are two parallel trend lines to give you a better idea. Ist major Target is 986.85. However you may see that it is just below 34 EMA. So, wait for the proper levels to come. Todays candle of 10-12-23 12:53 PM is going to play a major role. Please mark high and low of this candle and act accordingly. I am not a SEBI Registered Analyst. Please make any decision in consultation with your financial advisor. I will not be responsible for any of your profits or losses.
NSE:ICICIBANK
by rekhi567