IBN trade ideas
ICICI BANK LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It's important to remember that while these indicators can be useful, they are not foolproof. Always consider the broader market context and consult with a qualified financial advisor before making any investment decisions.
ICICI Bank Ltd intraday level for 9th Aug #ICICIBANK ICICI Bank Ltd intraday level for 9th Aug #ICICIBANK
Buying may witness above 1176
Support area 1160. Below ignoring buying momentum for intraday
Selling may witness below 1155
Resistance area 1140 Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ICICI Bearish PossiblitiesIn the ICICI Bank. It displays multiple week candle in the chart.
Simple words :
1. Head & Shoulder pattern.
2. Multiple Rejection Candle.
3. Volume Increased (1220 to 1230).
Entry : Stock should break the neckline and if Candle body close below 1160 price.
Target : 1340
Reacting Points : 1164
Stoploss : Above 1230.
Explanation :
Technical analysis :
Trend is Uptrend. But it is forming Head & Shoulder Pattern. Once it breaks the neckline. It have more possibilities to go opposite direction.
Volume Analysis :
In the volume analysis , Some big institutional players sell or book the profit at the level of 1220 to 1230. That's why volume indicator shoot up and cross the moving averaging level. It means Big transactions happened, that transaction is not BUY. Because buy means Candle body should be strong, but it show INVERTED HAMMER.
Volume profile fixed range :
Red line show High transaction happened at the level.
If market close below 1660 level, then free fall.
So better square off the position or buy put option.
I am not a SEBI Register advisor. I am sharing information for educational purpose.
ICICI BANK Intraday level for 23rd July #ICICIBANK ICICI BANK Intraday level for 23rd July #ICICIBANK
Buying may witness above 1251
Support area 1235-1240. Below ignoring buying momentum
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ICICI BANKStock is in bullish trend since Feb-2024 from 980 levels and reached 1170 levels by end of April. I suggest to enter around 1110 - 1115 levels and wait for the target of 1170 in the near short term.
The stock can reach 1247, 1370 levels in the near term. Stop loss 1090 & 1075 levels..
Risky trade can be taken at the current market price since the stock is in uptrend
ICICI Bank Intraday level for 10th July #ICICIBANK ICICI Bank Intraday level for 10th July #ICICIBANK
Buying opportunity above 1251
Support area 1230-1235. Below ignoring buying opportunity
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ICICI Bank Intraday level for 9th July #ICICIBANK ICICI Bank Intraday level for 9th July #ICICIBANK
Buying opportunity above 1240
Support area 1225-1228. Below ignoring buying opportunity
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ICICI BANK S/R for 5/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
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.
ICICI Bank u turn ICICI Bank might take a U TURN and give a good swing to positional trade opportunity with a decent stoploss and good Targets
ENTRY - 1115
STOPLOSS - 1105
TARGETS - 1130, 1145, 1160++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf.
- good for intraday trade
- entry inside zone
- sl is day close above zone
- for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers).
- don't trade , if u didn't get selling confirmation inside zone
- if day close is above this zone , this pattern becomes invalid.