ICICIBK (BREAKOUT COMING $OON)he double bottom is a classic bullish reversal pattern in technical analysis. It resembles the letter "W", forming after a downtrend when the price hits a support level twice before breaking out upwards.
Key Features:
- Two distinct lows at roughly the same price level.
- A peak (neckline) between the two lows.
- Breakout confirmation when the price moves above the neckline.
Trading Strategy:
- Entry: Traders often enter a long position once the price breaks above the neckline.
- Stop-loss: Placed below the second bottom to manage risk.
- Target price: Typically measured by the distance between the neckline and the bottoms, projected upwards.
Would you like an example of how this pattern plays out in real market conditions?
ICBA trade ideas
ICICI bank is bull or bear?One daily timeframe ICICI Bank clearly formed bull flag pattern, which means upward price movement can see in upcoming days , followed by a period of consolidation.
First resitance can be seen near 1466 followed by some consolidation.
We can plan buy trad with SL 1430.
If price break 1470 then it will create its new high.
ICICI Bank Powers to Lifetime High Within a Strong Bullish ChannTopic Statement:
ICICI Bank is on a robust bull run, steadily advancing within a strong uptrending channel.
Key Points:
* The stock is moving upwards in a strong bullish uptrending channel, making channel-based trading highly effective
* It is currently trading at its lifetime high, reflecting continued strength and investor optimism
* The price has highly overextended above the 200-day EMA, indicating the stock is highly overbought and may be poised for a cooling-off phase
Financial MarketsFinancial markets are platforms where individuals, companies, and governments trade financial instruments like stocks, bonds, currencies, and derivatives. These markets facilitate the flow of capital, enabling businesses to raise funds, individuals to invest, and governments to manage their finances.
ICICI Bank // 1day Support and ResistanceAs of May 9, 2025, ICICI Bank Ltd. (NSE: ICICIBANK) closed at ₹1,388.90. Here are the key daily support and resistance levels based on various technical analyses:
📊 Daily Support & Resistance Levels
Standard Pivot Points
Pivot Point: ₹1,410.20
Support Levels:
S1: ₹1,398.60
S2: ₹1,377.30
S3: ₹1,365.70
Resistance Levels:
R1: ₹1,431.50
R2: ₹1,443.10
R3: ₹1,464.40
Fibonacci Levels
Pivot Point: ₹1,398.60
Support Levels:
S1: ₹1,386.03
S2: ₹1,378.27
S3: ₹1,365.70
Resistance Levels:
R1: ₹1,411.17
R2: ₹1,418.93
R3: ₹1,431.50
Camarilla Levels
Support Levels:
S1: ₹1,382.87
S2: ₹1,379.85
S3: ₹1,370.81
Resistance Levels:
R1: ₹1,394.93
R2: ₹1,397.95
R3: ₹1,407.00
Woodie's Levels
Pivot Point: ₹1,405.35
Support Levels:
S1: ₹1,396.18
S2: ₹1,372.45
Resistance Levels:
R1: ₹1,429.08
R2: ₹1,438.25
Demark Levels
Support Level:
S1: ₹1,371.50
Resistance Level:
R1: ₹1,404.40
🔍 Observations
The stock is currently trading below the Standard Pivot Point of ₹1,410.20, indicating potential bearish sentiment.
Immediate support is observed around ₹1,398.60 (Standard S1) and ₹1,386.03 (Fibonacci S1).
Resistance levels to watch include ₹1,411.17 (Fibonacci R1) and ₹1,431.50 (Standard R1).
ICICI BANKHello & welcome to this analysis
A bearish Harmonic Crab pattern has been activated in the daily time frame suggesting downside levels till 1350-1300 probable if it starts sustaining below 1390 which is a line of support as of now.
Its made a gap down today, any pullback till the gap area could witness another round of selling.
The pattern negates above 1465
ICICI Bank ICICI Bank (1D) Technical View
▲ Pattern Formed:
*Ascending Triangle Breakout - strong bullish continuation pattern
Intraday Buy Entry: *1,435-*1,440
Target Price: *1,465
Stop Loss: *1,422
? Breakout above multi-top resistance zone with strong volume confirmation signals momentum.
Risk-reward is favorable for intraday trade.
#ICICIBANK
ICICI Bank-Aiming for Double Bottom Breakout?ICICI Bank – Technical Analysis & Trade Plan
📈 Trend Analysis:
Stock is in a strong uptrend with a higher high, higher low (HH-HL) structure intact.
Consolidating since September 2024, forming a base.
Double bottom formation visible, with a potential VCP (Volatility Contraction Pattern) at play.
Trading above key DMAs, confirming strength.
Sectoral strength: Finance & banking showing momentum and could lead the next market move.
📊 Market Context:
Broader market is showing slight improvement but still in a lower low, lower high (LL-LH) structure.
Index closed above 50 DMA, gaining some momentum, but another round of correction cannot be ruled out.
The main reason for selecting this stock is strong sector movement.
🔍 Trade Plan:
✅ Entry: Above ₹1,328
🚨 Immediate Resistance: ₹1,363
📌 Add more: If ₹1,363 is broken with strong volume
🎯 Positional Target: ₹1,555
❌ Stop Loss (SL - Closing Basis): ₹1,180.45
📉 Risk & Reward Calculation:
Risk (SL to Entry): ₹1,328 - ₹1,180.45 = ₹147.55 (~ 11.11% downside risk)
Reward (Entry to Target): ₹1,555 - ₹1,328 = ₹227 (~ 17.1% upside reward)
Risk-to-Reward Ratio (R:R): 1:1.54 (Moderate reward vs. risk)
⚠️ Risk Considerations:
Overall market still in LL-LH structure → Could just be a pullback within a broader downtrend.
Position Sizing Key:
Consider entering only 30% of the usual position size.
Gradual accumulation near ATH (All-Time High) levels is a wise approach.
📢 Disclaimer: This is not financial advice. Trading involves risk, and past performance does not guarantee future results. Always do your own research and use proper risk management .
ICICI BANK LTD 15 MIN CHARTAs of May 2, 2025, the 15-minute intraday chart for ICICI Bank Ltd (NSE: ICICIBANK) indicates a bullish trend, with the stock trading at ₹1,250.05, up 0.49% for the day.
📈 Key Technical Levels
Resistance Levels:
R1: ₹1,245.82
R2: ₹1,259.55
R3: ₹1,275.00
Support Levels:
S1: ₹1,230.00
S2: ₹1,215.00
S3: ₹1,200.00
These levels are derived from recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support.
📊 Chart Patterns
A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹1,342.35, contingent upon sustained volume and price momentum.
🔍 Market Sentiment
ICICI Bank's stock has shown resilience, with a 1.80% increase over the past week and a 16.05% rise over the past year. Analysts maintain a positive outlook, with price targets ranging from ₹1,290 to ₹1,675.
ICICI Bank // 4hour Support and ResistanceAs of May 1, 2025, at 10:08 AM IST, ICICI Bank Ltd (NSE: ICICIBANK) is trading at ₹1,266.75. Based on recent technical analysis, here are the key support and resistance levels for the stock on a 4-hour (4H) chart:
📊 4-Hour Support and Resistance Levels
Immediate Support Levels:
₹1,266.75 (current price)
₹1,258.00
₹1,248.00
Immediate Resistance Levels:
₹1,278.00
₹1,288.00
₹1,298.00
These levels suggest that if the stock price declines below ₹1,266.75, it may find support around ₹1,258.00 and ₹1,248.00. Conversely, if the price rises above ₹1,278.00, it could encounter resistance near ₹1,288.00 and ₹1,298.00.
🔍 Technical Indicators
ADX (Average Directional Index): 17.73 – indicates a weak trend.
RSI (Relative Strength Index): 55.87 – suggests neutral momentum.
MACD (Moving Average Convergence Divergence): 11.45 – indicates a positive trend.
CCI (Commodity Channel Index): 88.61 – suggests the stock is in an uptrend.
These indicators suggest a neutral to slightly bullish outlook for ICICI Bank in the short term.
ICICI Bank Cup and Handle breakout DailyICICI Bank (NSE) Technical Analysis
Pattern Observed:
A Cup and Handle breakout pattern is visible.
The cup formation is well-rounded, and the handle was a shallow correction before the breakout.
Key Levels:
Breakout Zone: ₹1,364 (handle resistance breakout).
Current Price: Around ₹1,428.
Resistance Levels:
₹1,436 (recent high, minor resistance).
Major Target: ₹1,538 based on the measured move of the cup depth.
Support Levels:
₹1,364 (previous breakout zone — now support).
₹1,190 (major historical support).
Volume Confirmation:
Breakout above the handle accompanied by a good surge in volume, confirming the strength of the breakout.
Target Projection:
Height of Cup = ~173 points.
Projected Target = Breakout Point + Height
₹1,364 + 173 ≈ ₹1,538 (matches with your chart).
Strength Indicator:
Strong bullish momentum post-breakout.
Volume increasing on up-days — a healthy sign for continuation.
Icici bank ready for profit booking until today high not break How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
ICICI Bank Make Today lifetime High NSE INDIA , SYMBOL : ICICI Bank TIMEFRAME : DAILY : ICICI Bank first time lifetime high make 1365 on dated 20/09/2024 then 4 times try to breakout this lifetime high but failure touch this level and return down 4 times. 17/04/2025 breakout this level and today ICICI Bank make new High 1435
ICICI BankICICI Bank Overview
ICICI Bank is one of India's largest private sector banks, established in 1994 and headquartered in Mumbai. It offers a comprehensive range of financial services to retail and corporate customers, both in India and internationally.
Key Services
Retail Banking:
Savings/Current Accounts, Fixed Deposits, Loans (Personal, Home, Car), Credit Cards, Wealth Management, and Insurance.
Corporate Banking:
Working Capital, Trade Finance, Treasury Services, and Investment Banking.
Digital Solutions:
iMobile Pay App: Fund transfers, bill payments, investments, and more.
Internet Banking: UPI, instant payments (IMPS/NEFT/RTGS), and digital wallets.
Investments & Insurance:
Mutual Funds, SIPs, and insurance products via subsidiaries like ICICI Prudential.
International Presence
Operates in over 15 countries, including the UAE, UK, USA, Singapore, and Canada, offering NRI services, forex, and global banking solutions.
Customer Support
24/7 Helpline: 1860 120 7777 (India) or +91 22 3366 7777 (overseas).
Branch/ATM Locator: Available on their website or mobile app.
Innovation & Sustainability
Digital Initiatives: Voice-based banking, AI chatbots, and QR-code payments.
Sustainability: Focus on green financing, renewable energy projects, and ESG (Environmental, Social, Governance) compliance.
Stock Market Listing
Listed on BSE (BOM: 532174) and NSE (NSE: ICICIBANK).
How to Open an Account
Online: Visit the website or app, submit KYC documents (Aadhaar, PAN), and complete e-signing.
In-Branch: Visit any ICICI branch with ID proof, address proof, and photographs.
Leadership
CEO: Sandeep Bakhshi (as of 2023).
ICICI Bank is known for its customer-centric approach, technological innovation, and extensive network. For updates, download their app or follow official social media channels.
Banks in focus, chart: 3 ICICIChart -> ICICI Daily
All time high breakout with run-away gap.
CMP: 1406
Good Range to Buy: 1360 to 1400
Targets: 1470, 1536
SL: 1340 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
ICICI Bank A New Life Time HighICICI has made a new life time high.
It's now 1406
Its target could be 1500
But who ever wants to enter the rally should wait for it to retrace till 1350 and then check the price action.
If it gives bullish view enter with SL 1300 Target 1400 and Trail till 1500
If it gives bearish view then wait till 1200