ICBA trade ideas
ICICI BANK Daily Chart Pattern Analysis 26.11.2021ICICI BANK as per daily chart analysis has back in its consolidation zone and the support level at 706 / 687 and 673 level for the stock to consolidate and reverse.However one can see a fresh buying opportunity only after full correction completed.
Descending wedge with double bottom !!Stock after correcting by more than 10% from its high levels, has formed descending wedge and also kind of double bottom at 756 levels on daily chart.
Also, the gap area of 760-800 (formed in October) has been filled. We can see subdued volume action during the retracement.
Now, one can consider long position at cmp or wait for the breakout above upper trendline, with a SL of 740 on weekly CB, for the targets of 785 and 810 with more than 1:2 RR.
Kindly do your analysis before initiating trade.
ICICI BANK Daily Chart Pattern Analysis 25.11.2021ICICI BANK as per daily chart analysis today it has formed a hammer candle and tomorrow it should break the channel to move uptrend. Happy Trading to all
How to trade like the Institutions/Banks? - Selling narrativeWith this post, we'll try to understand the selling narrative of the institutions and how they trap the traders on both sides. Just remember this one thing, "the market is never moved by retailers, only institutions can do that".
The only reason why the institutions sell is to buy at lower prices. Nothing more than that.
This happens in the following way:
1. Institutions initiate selling near a support level so as to create a narrative of a "Bearish trend".
2. When the narrative is set, the retailers think in the following ways:
•Longs fear for their stops below the support line
•Others wait to initiate shorts at the close below the support.
3. When the price closes below the support level, two types of orders are placed instantly. Stop losses of longs and fresh sell orders of the shorts with buy stops above the support line.
4. Longs get stopped out. These retailers are selling to institutions which acts as a discount for them.
5. Breakout shorters start shorting but their stops get taken out in the next few candles when the institutions move the price back up in the intended direction.
6. In this way, the majority of the retail longs and shorts are taken out of the market.
After the initial rally, the price returns to the demand block for the following 2 reasons:
1. To fill the pending buy orders from institutions
2. To close the shorts which the institutions initially opened so as to push the price downwards. This is also called mitigation.
After the longs get filled and the mitigation is over, the price moves back up in the original direction.
This process repeats like the clockwork. You can go and back test on any time frame. The only thing that requires skill is the identification of these phases in the live market, which obviously takes a lot of practice. The more you practice, the better you will become.
If you don’t believe in these concepts and are trading profitably using the indicators, then just ignore this post. This post is meant only for those who want to get an insight as to how the institutions work. All these concepts are real and work very much, you are free to read from Google.
Also, if anyone is interested in getting a PDF version of this thread, then you can check the links under this post. I spend a lot of time creating these educational posts, illustrations, charts, and PDFs. Please be appreciative of that and leave a like and comment if you found these helpful. It will help to know that people are reading these posts.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Icici bank can go long after strong breakoutDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
ICICI Bank 2 Hr chart Trend line Break out TARGET 780ICICI BANK 2 HR Chart with Trend line Break out .
Go Long for TARGET - 780
ICICI Bank : Buy, Target - 830, SL - 730ICICI Bank has formed a strong base around 730 levels and has currently given a fresh trend line breakout above 756.
ICICI BANK Daily Chart Pattern Analysis 23.11.2021ICICI BANK as per Daily Chart Pattern Analysis has consolidation, Breakout and Downtrend channel before next consolidation. Once the Stock breaks the downtrend channel it should start consolidating between 775 - 800 level for the next break out. Holding the Stock. Happy Trading to all.
#ICICIBANKQuick Entries and Swift Exits
Timely management of trades based on concept understanding and realtime indicators.
Buy between CMP to 700 SL 650 TGT 856 and 956Suggestions are based on my analysis only. Please do your analysis before taking any trade.
ICICI Bank: A close below 798 can open doors for 760 odd levelsICICI Bank
A close below 798 can lead to gap filling activity
Important levels on the up side 829 / 841
Take care & safe trading
ICICI Bank: Reversal after filling up the gap upReversal on cards for ICICIbank after filling up the gap up it made earlier. Also the reversal has hit 61.8% fibo levels.
Rest self explanatory.
Do give a like if you find it useful :)
ICICI BANK case studyIcici bank spot cmp 763
counter gave a gap up opening few days a go,, but the opening candle of particular day was not crossed and there was no follow through buying,
now counter have reversed and filled the gap,, currently around demand zone of gap levels and golden means retracement ratio of previous swing.
very small candle formation around lower levels with low volume
divergence on rsi on all lower time frame till 60 min
RSI over sold on all time frame below 60 mins
reversal in counter possible from current levels
time to cover your shorts and rethink of what can be done..
ICICI BANK TOOK GOOD SUPORT icici bank looking good to go long as it have retesting trendline and having moving average support
Long Above Given LevelsNot a recommendation, Only for educational purpose. All the levels are given on the chart.
ICICI Short Term TradeView are for education purpose only, please consult your financial advisor before taking any trade.....
ICICIBANK - Breakout in waitingGap Filled, taken support & Trendline break out...above 784...811 possible...this shall lead BN toward 40k this week...lets be positive..learning mode on :)
ICICI BankICICI now trading at 776. There is more chance that golden cross over will happen at 757 i.e., 61.8%. Once it reach 757 then hopefully trend will reverse i.e., Uptrend.
ICICIBANK Trend AnalysisICICI Bank still looks weak and it can most likely fall to 756 levels. However, it will not stray too far away from its strong trendline at 765.
Please consult your financial advisor before making any decisions.
