Down Trend in ICICI BANK icici bank making double bottom on 15 min time frame. and if it breaking the previous day high go long and take the target on the horizontal line. and if icici bank look weak on that level this is the good time to go short on icicibank because it is a good pull back of down trend
IBN trade ideas
ICICI BANK potential distribution phaseHey guys!
Today we are looking at the ICICI Bank chart.
Seems like the recent bull market move needs some rest for a while.
Although anything can happen, I am waiting for clear confirmations before executing a sell or a buy.
But mainly I would look for sell side trades.
The horizontal orange line shows the level, if broken, I would look to sell the share and go short, i.e bearish.
I might sell calls or buy put option or might sell the FUT or EQ segment. Will depend on the situation at that time.
Nothing mentioned above is an investment advice, kindly contact your financial advisor before taking any action.
We will not be responsible for any profit/loss
Good luck guys! <3
icicibank short ideawell market is all about thinking opposite what the market is expecting. as a rule 2.618 considered overbought in any time frame , it is here icicibank trading and struggled at 2.618 level in daily time frame, rest all other higher time frames have green closes. so keeping a stoploss at 707 on daily close basis I will like to short this script for target 680.
IBNBRIEF-ICICI bank posts net profit of 46.16 bln rupees in April-June qtr
Icici Bank Ltd ICICIBANK :
* APRIL-JUNE NET PROFIT 46.16 BILLION RUPEES VERSUS 44.03 BILLION RUPEES (NOT 25.99 BILLION RUPEES) IN PREVIOUS QUARTER
* APRIL-JUNE GROSS NPA 5.15 % VERSUS 4.96% PREV QUARTER
* APRIL-JUNE NET NPA 1.16 % VERSUS 1.14% PREV QUARTER
Source text for Eikon: ID: Further company coverage: ICICIBANK
(Reporting by Manoj Kumar) ((manoj.kumar@thomsonreuters.com; +91(11) 4954 8029;))
ICICI Bank at crucial zoneWorld markets touching all time high or close to it. Bank nifty is laggard in this upward movement. For some days there is divergence in Nifty and BN. ICICI was firing for some time now. All world markets at or near to highest point & ICICI at crucial point of break out or break down.
Techno-Funda stock of the week - Icici BankThis is one of the stock all the investors should have in their portfolio. Yesterday Icici bank has finally given a up flag breakout after months of consolidation. This stock has great fundamentals too so please buy Icici bank for the targets of 768, 914.5, 1061, and 1151.5. The SL mentioned in the picture is for the short term traders. Investors should keep a deep SL as per their risk appetite.
View - Medium to long term
Duration - 1 year plus.