ICICIBANK
ICICI Bank Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
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1-18-2024
GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment.
Immediate support around 975 price area
Icici Ending DiagonalIcici may have completed a log ending diagonal & can fall to lower line of ending diagonal for targets of 940 & 900..
Stop loss can be kept at 1050 levels.
ICICIBANK--Continuation or Reversal??this stock is trading in a channel...
keep in long side until price is in the channel....
if channel breaks and retest then look for short side....
we have resistance in the zone1040-1050..
on bottom side trendline is acting as a support...if trendline breaks and retest then look for short side continuation. we have strong support lies at 960 levels.
Drop base drop chance...so keep an eye on this before long.
#TATAINVEST 2689 BUY for 30% upside #stocksToWatch Rachit Sethia#TATAINVEST
NSE:TATAINVEST
TATAINVEST 2689
TGT 3525
SL 2377
RR = 2.7
Return 31%
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Icici Bank 5th waveIcici bank may start a new journey to new highs if it holds previous low of 975..
Risk reward looks excellent to buy in 980-990 range for 1030 1065 Targets..
Stop loss should be 975
ICICI BANK IS LOOKING BULLISH NOW CAN BE BOUGHTThere's a retest of ICICI Bank on Weekly chart.
See chart for more details.
Trade at your own risk.
ICICIBANKICICIBANK has formed an ending diagonal suggesting a reversal in price. We are likely to see a deep correction from these levels.
ICICIBANK - Bearish ViewICICIBANK - Elliott Wave Count
the market looks like its near the top and soon we can expect the reversal downside to Wave A correction.its recommended to wait for the price to comes back & close inside the channel to confirm the bearish scenario to take short trades. whatever the high made on wave 5 will be the SL for the short position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:ICICIBANK NSE:ICICIBANKZ2023 BSE:ICICIBANK
icici bank break outpure price uptrend in monthly chart
double bottom in weekly chart
break out in both weekly and daily ( we expect a pull back in daily chart )
Time to hunt down the ICICIBANK bears!!The stock broke out above an active supply/demand zone of INR 900-920 in April 2023.This particular zone has been an active supply/demand zone for the stock since Sep.2022.
2 attempts by the stock to go past INR 1000 mark were reversed by the sellers in July and Sep. this year.
Now for the past 3-weeks the stock has been making an accumulating range right at the zone of 900-920 and now has picked up some pace.(REMEMBER-ACCUMULATION RANGE AT SUPPORT AND DISTRIBUTION RANGE AT RESISTANCE OFTEN LEAD TO POWERFUL UP/DOWN MOVES RESPECTIVELY).
INR 950 is the minor resistance zone and the stock should not have much trouble taking it down first, before heading forward to face the bigger resistance of INR 1000(which too shall be hopefully taken down this time around).
TIME'S UP FOR THE BEARS!!
NOTE*- This post is for educational purpose. Please analyze/research thoroughly about any instrument in which you want to trade/invest.
#OMAXE 48.80 Buy TGT 61 23% upside recommended - Rachit Sethia OMAXE 48.80
TGT 61
SL 42
RR ~2
Return > 23%
TF < 6M
NSE:OMAXE
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
ICICIBANK--Double Top??the stock is near its demand zone...
if price breaks this zone and gives retest will go for short side....
Chance of continuation fall till up to 920 zone...and then have a chance of Right shoulder formation...So keep in bearish view up to 920 and then look for buyside from this zone.
Top Indian Bank Stocks Analysis Publishing the TrapZone Pro charts on the daily timeframe for the Top 4 Indian Banks.
They all look Bullish except Kotak Mahindra Bank at the moment.
Will keep this Idea Up dated every few days for reference.
ICICI BANK SWING TRADEsept 10
swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
when nifty turns bullish take trade
ascending triangle breakout #ICICI bank as you can clearly see the ascending chart breakout pattern . for this , i reoly on 4 point theory ie At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the upper line should slope down. The second low (2) should be higher than the first (1) and the lower line should slope up. Ideally, the pattern will form with 6 points (3 on each side) before a breakout occurs.
ICICIBANK--Near its trendline??the stock is near its trendline break...
today a strong bullish momentum is observed in this stock....
Rally base rally is observed from 965-962 zone...tomorrow if this zone acts as price is bullish...
this time will breaks the trendline and moves higher...
liquidity also lies above these zones....
Go for long in this stock...
ICICIBANK--Long to Bearish Gap ??The stock is trending downwards....
price is now near to a strong, a strong rise is observed from this area..
If it is a bullish turn price will take the support from this area... then look for buy side....
If this area pushes the price upside...we will on long side until the Bearish Gap be filled.
again will look for sell at Bearish Gap or trendline. Look for buy up to 970 and 980 levels.
Mean while it will also test the trendline again.
Keep safe.......
ICICIBANKNSE:ICICIBANK
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
long term bullish on ICICI BankI spot a clear 5 wave structure since March, 2022 lows.
Clearly indicating that there is more upside in the coming months.
A very simple and clear structure in my opinion.
ICICI Bank is Retracing and can be Shorted 26/02/2021this tikker seems to me overvalued and retracing from its ATH, as we can see there are many reasons to believe this stock is falling and will correct some of its rally and make the infrastructure for its upcoming rally.
we can see there is a Mild Bearish Divergence on MACD and Regular Bearish Divergence on MACD Histogram, which are the sign of trend reversal and retracement.
MACD and Signal lines are over crossing from top which is again an other sign of overbought and shall distribute some volume which will cause the trend reversal and surplus of supply and price correction and fall.
as we can see the price was ranging in an ascending Paralel Channel and it has already tried to break above the top boundary but could not hold the bull run and fall drastically with Big Red Bearish Candles, which is again another confirmation for the Bearish Divergence and trend correction or retracement.
there are total of 3 TP for the retracement which are having confluences with Fibonacci retracement golden Zones 38.2%,48.6% 61.8% Levels, amd past Support areas.
obviously after this retracement we should look in to the market sentiment in order to decide about the longing or rebuying it but yet there are good chances that there would come some packages from the RBI to infuse some blood to the banks wanes and pump them back up and make the new ATH where it can be 127% and 161.8% of the same fibonacci expansions.
the other scenario after the retracement can be a renge and the fall more as we can see the Cryptocurrencies are growing heavily and of course their growth is very dangerous for the centralized banking system and soon these systems are going to loos the battle to the crypos if they don't adapt a survival mechanism on time for saving some time and loses and it can be an end if the prices fall below the red accumulation zone...
please comment you opinions about this analysis
ICICIBANK Analysis ??ICICIBANK broken the monthly resistance @960 zone.
In weekly time frame also its bullish...
in daily time frame showing bearish pressure....
in lower time frames it is coming slowly to test the previous resistance might acts as support.
ICICIBANK--Demand Zone @910-915 Range??the stock is trending downwards...
now the price is near to its demand zone ...where previously strong buy ness is observed..
wait for confirmation before long...if it gives support then will trade tomorrow..
just watch if it gives support or not.
