ICICI Bank, Resistance line breakout, add with a s.loss of 980. Trendline Breakout seen on ICICI Bank, can be added using options combination mentioned on chart. Target 1009, s.loss : price out of 980-1020 range.
ICBA trade ideas
ICICIBANK is buy based on daily charts - 9% upside possibleICICIBANK is buy based on daily charts - 9% upside possible by March End Targets 1100+
Happy Investing.
ICICI Side Base for intraday 2nd JanuaryICICI is consolidate between 990-1008
Overall view of this chart:
create high near about18 December after that create a downtrend and at support area 990 it's consolidating .
If break 990 and price wait under 990 for 1-2 days then we can see a downtrend move for this stock.
If price goes up above 1008 don't create position wait for retracement . after retrace our entry will be occur.
Also we have to aware about fake breakout and breakdown.
Indicator: MACD indicate bullish divergency .( Upside move may come )
ICICIBANK - The Gabbar of BANKNIFTY forms H&S in 30 Min ChartsUnveiling the Head and Shoulders Pattern on 30-Minute Charts
Introduction:
In the dynamic world of stock trading, technical analysis serves as a powerful tool for investors to identify potential trends and turning points in the market. Recently, ICICI Bank has caught the attention of traders and analysts as it has formed a significant technical pattern on its 30-minute charts – the Head and Shoulders pattern . Understanding this pattern and its potential implications can provide valuable insights for those navigating the complexities of the stock market.
The Head and Shoulders Pattern Defined:
The Head and Shoulders pattern is a classical reversal pattern that often signals a shift in the prevailing trend. This pattern typically unfolds after a bullish trend and consists of three main components: a left shoulder, a head, and a right shoulder. The formation resembles the outline of a head and shoulders, hence the name.
Key Characteristics of the Head and Shoulders Pattern:
Left Shoulder: - The left shoulder represents the initial phase of the reversal pattern and is formed by a peak in the price after a bullish trend. It is followed by a decline, indicating potential weakening of the uptrend.
Head : - The head is formed after the left shoulder and represents a higher peak in the price. This signifies a last attempt by buyers to push the price higher. However, the failure to establish a new high results in a decline, marking the formation of the head.
Right Shoulder: - The right shoulder follows the head and is characterized by another peak, similar to the left shoulder. This peak is typically lower than the head, forming a neckline. The right shoulder's formation indicates a continued struggle between buyers and sellers.
Neckline : - The neckline is a horizontal line drawn across the lows of the left shoulder, head, and right shoulder. It serves as a crucial level of support, and a breach of this line is considered a confirmation of the pattern.
ICICI Bank's 30-Minute Head and Shoulders Pattern:
As we analyze ICICI Bank's 30-minute charts, the formation of a Head and Shoulders pattern becomes evident. The left shoulder, head, and right shoulder are clearly identifiable, and the neckline acts as a critical level to monitor for potential confirmation.
Left Shoulder Formation:
The left shoulder is marked by a peak in price, followed by a decline, signaling the end of the preceding uptrend.
Head Formation:
The head is formed as the price attempts a higher peak but fails to establish a new high. This failure results in a subsequent decline.
Right Shoulder Formation:
The right shoulder mirrors the left shoulder, and the neckline connects the lows of these two shoulders and the head.
Neckline as a Key Level:
Traders and analysts are closely monitoring the neckline as a crucial level. A decisive break below this support line could validate the Head and Shoulders pattern and indicate a potential reversal in the stock's direction.
Conclusion:
The identification of a Head and Shoulders pattern on ICICI Bank's 30-minute charts suggests that the stock may be on the verge of a trend reversal. However, it's important for traders to exercise caution and await confirmation through a clear breach of the neckline. Technical analysis is a valuable tool, but it should be used in conjunction with other indicators and thorough research to make informed trading decisions. As always, market participants are encouraged to stay updated on relevant news and market developments that may impact the stock's performance.
ICICI BAnk at Trendline supportMajor Bank is at Demand level
Can be enter at cmp 946.50 to level of 915
Target 1005/1080
SL 880
Near Good Trendline support...
ICICIBANK Short Term Trade IdeaKey highlights:
1. Long entry on breakout of bullish candle
2. Bouncing off longer term support
3. Good risk and reward
ICICI SHORT
The monthly candle printed a big Green candle, even though the volume is comparatively low
ICICI BACK TO BULL MOODicici bank and corrected its 50% of the last rally / taken support from fib 50 level and now stock is moving up towards next target of 1000+ levels.
ICICI - Higher base formationICICI 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
ICICI To Start Its Up Move as Per Ichimoku And Price ActionConsidering 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 Stock: A Strong Contender in the Indian Banking SectorICICIBANK, 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 phase since early August 2023.
The stock has bounced off its major support level at INR 900.00 several times in the past.
currently ICIC bank is at support level. and we we check the historical trend of the stock. this time we should go long from the support level.
The next resistance level is at INR 935.00, and I believe that the stock is likely to test this level in the coming weeks.
Tips for Trading ICICIBANK Stock:
Utilize stop-loss orders to limit potential losses.
Avoid chasing market movements and wait for pullbacks.
Exercise patience and wait for opportune entry points.
Disclaimer:
The information provided in this analysis is solely for informational purposes and should not be construed as investment advice. Investing in stocks involves inherent risks, and there is no guarantee of future returns. Before making any investment decisions, it is crucial to conduct thorough research, assess your risk tolerance, and consult with a qualified financial advisor
ICICI bank breakout 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
Leading the banking packFib 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 trend. So ride the rally as long as it is above this trendline.
RSI- that it is taking support over the bear zone of 60 is a sign of strength.
Fib Extension- Am looking at a min tgt of 1100 and max of 1297 for the current move.
SHORT ICICIbeen shorting icici from couple of days... seems like little reversal on chart... 1.3% yesterday andd today .5%... might surge more
ICICI Bank - Live Market Update
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.
ICICI Bank - At Long Term Support LevelThe 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% from current level with favourable risk and return factor.
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
ICICI Bank Update
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.
ICICIBANK BREKING TRENDLINE RESISTANCEICICIBANKbreaking trendline #resistance
with huge volume
trading above 20 ema
heading towards ATH
EDUCATIONAL IDEA ONLY
ICICI Bank - Target 1275 +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 big time on this!
NB - I am also enthused by phenomenal results declared for Q2FY24, not because of numbers, but because of structural marked improvements in core business, low unprovisioned writeoffs, and focus on retail which is the key driver for NBFCs/banks post corona. As an insitution, it has always been having good quality employees.
Detailed writeup during weekend.
