ICICI BANK Levels // 1 HourHello Everyone 👋
Support & Resistance Levels:
Support: ₹1,000
Resistance: ₹10,000
Trend Lines from Daily Chart:
These trend lines provide important support and resistance levels for intraday trading.
Keep an eye on ICICI Bank’s stock price performance, which has increased by 1.08% in the past 24 hours1. If you’re a swing trader, these levels can help guide your trading decisions. Remember to consider other factors and perform your own analysis before making any trades. 📈👍
Additionally, did you know that SEBI (Securities and Exchange Board of India) is planning to introduce a one-hour settlement system by the end of the current financial year (March 2024)? This move aims to enhance efficiency in the secondary market
Trade ideas
ICICIBANK Levels For Intraday or swing TradingChart Overview:
Current Price: ₹1,226.351.
Recent Performance:
1 day: +1.08%
5 days: +4.19%
1 month: +3.05%
6 months: +17.57%
Year to date: +23.68%
1 year: +26.43%
5 years: +199.18%
Support and Resistance Levels:
Pivot Points:
Resistance 1 (R1): ₹1,245.82
Resistance 2 (R2): ₹1,259.55
Resistance 3 (R3): ₹1,273.28
Pivot Point: ₹1,234.98
Support 1 (S1): ₹1,221.25
Support 2 (S2): ₹1,207.52
Support 3 (S3): ₹1,193.79
ICICIBANK 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the ICICIBANK :
Intraday Trading Levels:
For intraday trading in ICICIBANK , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
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ICICI BANK PREDICTIONcorrective wave ABC may be formed if this fall continue. or again Elliot wave will continue
This pattern may or may not happen it is just a prediction.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before trade.
in.tradingview.com
ICICI Bank: A Lucrative Triangle Breakout for Swing TradersTraders, a golden opportunity unfolds as ICICI Bank exhibits a compelling triangle breakout, marking a significant turn for those eyeing short-term gains. This technical pattern, a harbinger of potential upward momentum, invites us to dive deeper and explore the swing trading prospects it presents.
Key Observations:
Breakout Confirmation: The breakout is validated by a surge in trading volume, an essential indicator of the strength behind the move.
Support and Resistance Levels: Post-breakout, the previous resistance level of the triangle now serves as a strong support zone. Swing traders should monitor these levels for potential entry and exit points.
Swing Trading Strategy:
Entry Point: Consider entering close to the breakout point, ensuring the move is backed by substantial volume.
Stop Loss: To manage risk effectively, place a stop loss just below the newly formed support level, minimizing potential losses if the trend reverses.
Profit Targets: Set initial profit targets at the next significant resistance level, with the option to adjust based on the strength of the market's momentum.
ICICIBANK looking good for a bullish moveCMP of ICICIBANK is currently resting on a strong order block, the whole thing is also preceded by an inducement which gives me strong reason to go long if the price shows some kind of entry triggers which I follow.
Also, the chart is bullish on daily and hourly time frames.
ICICI Bank: Chart set upICICI Bank
Observations
- We are looking at daily chart of ICICI Bank
- 5 day EMA and 21 day EMA at 1117 & 1119 respectively
- red line of resistance around 1133-1137 odd levels
- stock is near blue line of support for the 5th time ( not a conducive scenario)
- 200 day EMA and green line of support around 1031-1040 levels
For me this does not give confidence to go long on this stock at current price.
From a short term trading perspective a Bear Call Spread strategy may be considered.
Example of a Bear Call Spread Strategy
Sell ICICI Bank 27 June 2024 expiry 1150 Call currently around 20
Buy ICICI Bank 27 June 2024 expiry 1180 Call currently around 11.4
Net receivables 700* 8.5 = Rs 6020
Margin required around 48K
Potential Profit Margin 12.5%
Loss Protection for a rise in stock price up to 1168.6
For me Ideal levels to buy the stock from a longer term perspective where Risk::Reward ratio would look favorable 990-933 odd levels.
Follow risk management and consult your Financial Advisor before taking any action.
Take care & safe trading...!!!






















