Icici bank.Lets short Looking the chart icici bank it creat the trend to near the break out wait for confarmation to short entry to make the easyable profit
In wave analysis 3rd wave was finished 4 impulsive wave formation to it could be a too long then wave 2 when wave 2 is small wave 4 is too bigger than wave 2
I1BN34 trade ideas
ICICI BANK - short position As RSI currently is around 75, we believe that it will have to cool down soon, however we expect that the price will increase a little bit more and will get rejected from the resistance level. After that, we expect that the price will decrease to retest the support.
- entry point: at the resistance level;
- target: at the support level shown in the chart;
- stop loss: above the resistance level (3,12 %).
ICICIBANKNSE:ICICIBANK
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ICICI Bank Ltd.*ICICI Bank Ltd.*
P&F Pattern: Monthly Basis
RB Pattern: Weekly Basis
Strong Vol. Consolidation & Builtup
Price Improve. BreakOut to be Watched
Once Happen, Good to Go
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
Fundamentally Sound / To Big To Fail Pvt. Bank.
Improving Revenue/Profitability: Yearly Basis.
Indian Macro Factors Likely to add further traction to Credit Growth: +ve for ICICI Bank.
Improved Q1-FY23 Results. Better NIM, NPA, Deposit, Loan Growth levels.
Increasing Sales/Profitability on Yrly Basis.
Satisfactory CAR levels.
Continued +ve Ops. Cash Flow
Substantial Holding with FIIs/DIIs.
*Concern:*
Slippages, Increase in NPAs
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
ICICI forming a nice bullflag in Wave 5; Min targer 890ICICI has formed a 1-2-3-4-5 impulse wave from May'20 lows. Note that Wave 2 was 61.8% retracement of wave 1 & wave 4 was 38.2% retracement of wave 3! Also, Wave 3 is way beyond 161.8% of wave 1. Also, while wave 3 broke past the pre-pandemic level, wave 4 quickly tested and bounced back from that level (550). This is a highly bullish sign.
Target for wave 5 = Wave 4 low + length of wave 3 (wave 1 length is below wave 3 high) ---- 890
After the post-earnings breakout, stock is forming a nice bull flag. Even if the flag doesnt work, after the gap is filled(765), the stock should fly. As long as stock is above 678, 890 target stays
Min target: 890
Stoploss: 678
AnalysisHere we will have a big probability of a downtrend after the breakout with force the support line and also the vwap indicator by a big candle with a large volume. But we can have a continuation of the uptrend if and only if the vwap and resistance line are forcefully broken by a large green candle and followed by large green volume.Thanks.
ICICIBANK- Price Action Analysis NSE:ICICIBANK has already nearest to the PRZ level 1.272 at 805-806.
There would be higher chance of correction at this level.
BUY:
Those who have can book their profit or New buying will come when it takes the pullback up to 755.
SELL:
You can take a short after price will show any rejection.
beautiful BULLISH chart of ICICI BANK hey guys ,
waiting from a long time to publish this idea
icici is presenting a beautiful bullish chart
from a short period of time
this stock was moving in TRIANGLE PATTERN ,
between this pattern
this stock tried to go bearish but it recovered
and it resulted to bear trap of traders
now we can see that a beautiful long green candle is presented above the resistance area ,
this gives us a confidence to buy this stock and earn high returns ,
also this stock is fundamentally good
therefore, you can buy this stock and achieve high returns
THE CHART IS SO BEAUTIFUL THAT
YOU CAN UNDERSTAND IT IN FORST VIEW ,
AND PLS GUYS IF U LIKED MY ANALYSIS
COMMENT , LIKE AND FOLLOW
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