Ascending Triangle in ICICI An ascending triangle is a chart pattern
used in technical analysis. It is created by
price moves that allow for a horizontal
line to be drawn along the swing highs
and a rising trendline to be drawn along
the swing lows. The two lines form a
triangle. Traders often watch for
breakouts from triangle patterns.
ICBA trade ideas
ICICI Bank: Is it a good Buy now...???ICICI Bank
Every thing explained in chart itself.
Just to reiterate
- 868-888 may act as resistance zone
- Minor support at 835-840
- If that is taken out then downside possibility opens up once again for sub 800 odd levels
Given the setup one may consider to go for a Bear Call Spread strategy for Feb series
Sell 880 Call option
Buy 920 Call option
Profit potential of 11.6% on Margin requirement. Risk of rise up to 888 is taken care of by the strategy.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Double top pattern reversal in ICICIBANK.ICICIBANK
Key highlights: 💡
✅On 1Hr Time Frame Stock Showing Reversal of Double top Pattern .
✅ It can give movement upto the Reversal target of below 825-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 780-.
ICICI Bank: Because it's time to make some real moneyICICI Bank Long Buying Recommendation (With a side of humor)
Introduction:
Welcome to the most fun-filled technical analysis report you'll ever read! This report aims to provide a technical analysis of ICICI Bank stock, and a recommendation for buying the stock in the short term, with a side of humor to keep things light and entertaining. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements, and have a good laugh while doing so.
Background:
ICICI Bank is an Indian multinational banking and financial services company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders.
Analysis:
The ICICI Bank stock has been in a range-bound pattern for the past few months, like a roller coaster ride, but recent price action suggests that the stock may be breaking out, like a balloon finally being released. The stock has been trading in a range between 842.25 and 866.75, and a breakout above 866.75 could signal a short-term trend reversal, like a snake breaking out of its cage.
The technical indicators are also pointing to a potential buying opportunity, like a sign from the universe. The Relative Strength Index (RSI) has been trending higher, like a rocket taking off, and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound, like a trampoline. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, like a finish line, suggesting that the trend is gaining momentum, like a snowball rolling down a hill.
Furthermore, price action on the chart shows that the stock has reached a strong support level, like a safety net, and is showing signs of a potential reversal, like a U-turn, with bullish cand formation, like a smiley face.
Recommendation:
Based on the analysis above, we recommend buying ICICI Bank stock if it breaks 866.75 levels, with a stop loss of 842.25 and a target 1 of 891.25 and target 2 of 943.25. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds, like a boomerang.
Disclaimer:
It's essential to keep in mind that the market is highly volatile and unpredictable, like a weather forecast. Therefore, it's recommended to keep a close eye on the price action, like a hawk, and use stop loss and take-profit levels to minimize risk and maximize returns, like a superhero. It's important to conduct your own research and analysis before making any investment decisions, like a detective, and always consult a financial advisor before taking any action, like a lawyer.
Conclusion:
In conclusion, ICICI Bank stock appears to be breaking out of a range-bound pattern, like a prison break, and may be due for a short-term rebound, like a bouncing ball. Technical indicators and price action on the chart also suggest a potential trend reversal, like a mind change. Therefore, buying ICICI Bank stock if it breaks 866.75 levels with a stop loss of 842.25 and a target 1 of 891.25 and target 2 of 943.25 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term, like a time machine.
ICICI Bank-Double bottom formingAs promised,I have come with the Indian stock market analysis.In this chart,ICICI bank is forming a double bottom pattern in 15m time frame.The first half of the pattern is already formed,now we can catch the other half of the pattern.Also,there is a divergence on RSI,the volume indicator showed the strength to upper side.If the stock opens tomorrow with high volume green candles,a long intraday trade will be initiated for 1:8 r:r to the R1 level as shown on the chart.Levels and entry-exit points are marked on the chart,keep an eye on this.Happy trading.
ICICI Bank good shorting opportunity!!ICICI bank is a very good shorting opportunity with multiple confluences:
1) 2 consecutive breaks of structure to the downside making a LL & LH pattern twice.
2) Tapped into the volume imbalance
3) Broke trend line
With Bank nifty also at its trend line support with high probability of it breaking as it will be its 4th test(the higher the number of tests the higher probability of it breaking). ICICI bank will be a very good swing trade.
Note : All levels of stop loss & targets have been marked in the chart.