ICICIBANK trade ideas
Icici bankToday icicibank will given breakout from w pattern and gone upto@423. You can see same thing in RSI section.strong support is 438-440
ICICI BANK NSEYou can clearly see that ICICI BANK NSE have a resistance zone at 380 to 392 at this point trend is changing
so go for a shot position at 358 for a target of 345 & 340.
ICICI Bank - Option trading StrategyIn last 45 days ICICI bank has taken support at 340 levels ( & 320 level) and has a Resistance at 380 levels.
This give an ample opportunity for writing options. As ICICI Bank is at the support level , aggressive trader can write 340 Put or 325 Put , he can make a ton of money in July Expiry if support levels stay intact. However a safer bet would be writing a 385 call option with well defined Stop loss.
Also a trader , with considerable amount of margin/collateral, can sell a strangle with 325 Put and 385 call.
ICICIBank Heikin Ashi Candles - on the way downIf you observe the last two days Heikin Ashi candles of ICICI Bank, both from hourly or daily candles, you can see that it has hit a classic Heikin Ashi red candle and the only way forward for the share is way down.
ICICI BankLets look at ICICI Bank' chart from last 3 Months. It has been trying to cross a certain hurdle at 375. It has made 3 attempts.First one was on 20th April, second was on 23rd June and the last was on 7th July. It has been unable to breach that level and is facing stiff resistance at that point. The immediate support is available at 345. So as long as it is moving between 345 - 375 you know your 30 points are safe. Once it gives a break out or break down we will visit it again. The Immediate move seems to be touching the support line again.
ICICI BANKYou can clearly see that ICICI BANK NSE is in uptrend creating higher high and higher low and it is at a pull back point. So make a shot position at 368 for Target of 360 and 350 after this pull back market will continue in uptrend.
ICICI ready to fire after long consolidation?Buy ICICIBank at 350 stop loss 328 target 380, 420 and 460.
ICICI BANK - 425 Till July ExpiryReasons to go long:
1. One of the best stock in the banking sector
2. In market recovery after COVID, most likely to lead Banknifty along with HDFC
3. MACD Crossover
4. Broke pattern of lower lows since last 3 weeks
5. Even in the cross border tensions & Corona second wave fear, this is keeping higher highs in 2nd week of June.
ICICI Bank Ltd (Icicibank - NSE) -choppy to bearish ICICI Bank Ltd (Icicibank - NSE) is within ABC correction, where B wave is within WXY complex correction and Y is in progress as c wave down. It must hold invalidation level of 370.80 to retain the count valid. The target zone of B wave will be 325-20, so stay bearish until it reached. Thereafter C wave up will start moving up.
ICICI BANK TECHNICAL ANALYSISICICI BANK Has formed triangle pattern. Watch the levels marked on the graph.
Trade with your knowledge for profits.
