iciciAfter its strong results, the stock could not perform due to weak market conditions in the last many weeks. It has been in a sideways consolidation It is now attempting to build another leg up . Buy abv 422 with stops at 410 for target of 438Longby niftytrader4
ICICI Bank - Look good till 429If the stock flies past 422, it will face a stiff chikou resistance at the kijun 425... beyond that till 429 will face the cloud... Looks good till that from a momentum point of view, may all movements come swift... Long can be only beyond 429 after a re-test at the cloud... The weekly ichimoku doesnot indicate anything otherwise, which is good.. by prameshp2
Technical Analysis Class 1 - Rectangle Chart patternDaily Chart Observation Point no.1-Resistance– Previous swing high resistance. 3 times, price reverse from this area. Point no.2- Support– Previous swing low support area. 2 times, price bounce back from this area. Point no.3- Rectangle Chart Pattern.– Price is trading in the range formed the rectangle pattern. Conclusion From the above chart, it is clearly seen that the price is trading in the range. Now look at the current candle is at one end of the trading range that is in the support area. So there is a possibility price bounce back from this support area. by sanjaynakhale113
ICICIBuy on dips with stops below 415 close tgt 438 443 and above. The trend is strong up and awaiting some market neutral day to perform.Longby niftytrader1
ICICIBANK short icicibank gave proper HNS pattern as shown in chart one can go short for short term as levels mentioned in chart. It gave berish candle and indication on daily timeframe. trade according to riskShortby tradeumoneyUpdated 1
Buslish on ICICI bank 2Hrs chartICIC bank forming a potential cup and handle pattern. RSI has touched the overbought zone suggests that it is about to form a handle. (also it has touched the resistance). MACD is has turned bullish. Longby AltAlfamet2