ICICI bank is forming a higher base formation on daily tf after correction from top, very similar structure to what it was forming during June correction ... recent swing low can act as strong support and it may provide a push to BNF, what it is looking for from quite some days
Considering the Chart, ICICI should show a considerable good move probably from Tuesday once it crosses the Ichimoku Averages Cross Overs.
In general, when ever price crosses the averages crossover, and there is a price break out, the breakout sustains and give good moves.
ICICIBANK, one of India's leading private sector banks, has demonstrated resilience and growth potential, making it an attractive option for investors.
TradingView chart of ICICIBANK (NSE: ICICIBANK) stock. The price is currently at INR 924.65, and the volume is at 5.645M.
Here are some key observations about the chart:
The stock has been in a consolidation...
ICICI Bank is on the cusp of giving that monthly breakout. Last two to three months, the stock was constantly facing resistance around 1000-1010. It has finally broken above that level. I think it is going to lead a fresh rally from current levels. Keep a stop loss of 990. You can see targets of 1040, and 1060 plus levels coming in the few coming days
Fib Analysis- In the previous swing the stock made its fib grid from a lower candle instead of the highs, hence I will take the current rally with a pinch of salt. It broke out above 900 and then retested the zone again.
Trendline- It is beautifully respecting the trendline. Hence to me the break of this trendline will be the first indication of a change in...
No trade before 11:32 a. m. candle today. All stocks in Indian market which go above this candle, buy else sell
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
The chart depicts the current price structure in ICICI bank. Key points✅
✅in weekly chart, price movement in rising wedge and in past, significant return generated from support level
✅currently price at long term support level.
✅in daily chart, price moving in parallel channel between Rs 940 to Rs 1000
✅above 200 ema but below 50 &20 ema
✅potential return 10%...
Sell ICICI Bank below 03-12-2023. Target 990
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Stock is in the most powerful wave of its lifetime, minuette 3, of minor 3, of primary 3 of Cycle 3!
All the previous waves, of this cycle 3 (primary 2, minor 2), have been defying all the fib retracement levels so far by big margin. 200 daily EMA at 925 and anchored VWAP at 924 is showing good support.
Will write more detailed analysis later, I am going long...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Current formation - Triangular Break out
Took a support at Fib 1.618 level +bottom of parallel channel
Possibilities:
1) If it closes above 946 level, there is high possibility that it will reach all time high again
2) It can take a resistance at current level and can again take a support at bottom of parallel channel
First Target:
up - 999
down - 908
Look at the picture in the chart in the light of following points:
1. The price of the stock is showing its resistance at the trend Line drawn by way of Fibonacci Spiral from 950.35 to 935.1.
2. White Horizontal Line drawn at 940.9 is another resistance.
3. Buy only above 940.9.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial...
