ICICI BANK LTD (IBN) WEAKNESS COULD DRAG PRICE TO ITS MEAN!The price of IBN is now showing weakness, all that is left is a pullback above 29 followed by rejection...
N.B!
- IBN price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
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ICICIBANK
ICICIBANK Option Buy Trade (January 2025)I plan to buy the ICICIBANK 1290 Put Option (January Contract)
CMP: 25.90 | Best buy below 15.00
STOPLOSS: 7.50
TARGET: 1260 January future level.
Validity: Till 27th January 2025 Trading session.
Disclaimer: This is not a trade recommendation, for educational purposes only.
ICICI Bank next week target 1220, 1240, or 1260If you are looking for a good stock for the next week, ICICI Bank can be a best stock on our golden parameters. The stock has moved from downtrend to uptrend according to our parameters on the daily chart, of course the stock is still below the pivot point but the possibility of an uptrend in it cannot be ruled out. The stock closed at an upper level today after the consolidation of the last three weeks. Which can prove to be a better option for the next week.
ICICI Bank's Global Ranking Ascends: A Bullish Trading SignalICICI Bank has climbed to become the 18th most valuable lender globally, signaling a bullish outlook for traders. The technical analysis of its stock reveals a recent breakout supported by an ascending trendline, indicative of strong buying momentum and potential for further gains. This key milestone underscores ICICI Bank's robust market presence and offers a promising trading opportunity in the financial sector.
ICICIBANK POTENTIAL REVERSAL AHEAD WITH THIS PATTERNICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA
⏱️ C.M.P 📑- 254
🎯 PE 🏆 - 6.98
📊 Script: FEDERALBNK
⏱️ C.M.P 📑- 159
🎯 PE 🏆 - 9.33
📊 Script: BANDHANBNK
⏱️ C.M.P 📑- 187
🎯 PE 🏆 - 10.12
📊 Script: SBIN
⏱️ C.M.P 📑- 817
🎯 PE 🏆 - 11.43
📊 Script: INDUSINDBK
⏱️ C.M.P 📑- 1410
🎯 PE 🏆 - 12.66
📊 Script: HDFCBANK
⏱️ C.M.P 📑- 1437
🎯 PE 🏆 - 16.07
📊 Script: IDFCFIRSTB
⏱️ C.M.P 📑- 76
🎯 PE 🏆 - 17.13
📊 Script: PNB
⏱️ C.M.P 📑- 123
🎯 PE 🏆 - 17.89
📊 Script: ICICIBANK
⏱️ C.M.P 📑- 1117
🎯 PE 🏆 - 18.44
📊 Script: KOTAKBANK
⏱️ C.M.P 📑- 1627
🎯 PE 🏆 - 18.49
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTYBANK) PE - 15.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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