ICICI Bank H&S Top and TargetsIcici Bank is forming a H&S pattern on hourly chart. Currently Printing Right Shoulder.
Pattern invalid if stock gives hourly close above 413 levels.
For this pattern to work, Stock must break below 390 and close there on hourly basis.
Target of this H&S Pattern are 365 and 350.
IBN trade ideas
ICICI BANK (DAILY) - CUP & HANDLE BREAKOUTICICI BANK ( DAILY)
CUP & HANDLE BREAKOUT
Cup formation as on 31st Aug 2020 till 21st Oct 2020 & Handle formation as on 21st Oct 2020 till 30th Oct 2020
Awaiting handle breakout at 402 levels for a target of 425 , provided stochastic turns from oversold position
RSI = 50
9 day EMA > 21 day EMA
Volume is Average
2nd buy above 430 levels for a target of 502 levels
ICICIBANK 1HRCONFLUENCE OF 4HR & 1HRBullish BATS Strong POTENTIAL REVERSAL ZONE ...Ultra high volume down bar - trap of Smart Money , Higher volume-Professionals are buying into the public selling Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
With Low Volumes & RSI MUST BE ABOVE 30 Then BECOMES VALID SET UP
ICICIBANK - Elliott wave analysis - sell set upICICIBANK - It has completed zigzag in 30 min time frame since last swing low. It seems correct down now from major top in ABC, where B wave looks possibly a triangle. Sell with stop loss above 428.60 for target below 400 or lower. If it turn out as B wave triangle then price will go down directly below 413.50 and the fall will expected to sharp down. Let's see how the chart moves next.
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ICICIBANK - IntradayThis analysis is purely based on Price Action.
Target may reach in intraday trade
Trade Strategies are shared in image itself with proper Entry level, SL and Target level
*Trade on your own risk and money management*
ALWAYS PLAN YOUR TRADE & TRADE YOUR PLAN
Feel Free to comment for any queries or suggestions
ICICIBANK - Elliottwave analysis - Buy set up ICICIBANK - It is in ABC zigzag up move from last bottom in 30 min time frame, which is probably start 4th wave of C soon. Buy near 389 for target above 410 or slight higher. stop loss should be below 382.80 for the trade, because below this price level it turns bearish.
Give thumbs up if you really like the trade idea.