ICICI BANK IS LOOKING BULLISH NOW CAN BE BOUGHTThere's a retest of ICICI Bank on Weekly chart.
See chart for more details.
Trade at your own risk.
ICICIBANK trade ideas
ICICI BANK S/R for 26/12/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
Short Term Bullish View ICICI Short term Bullish view for education purpose
Volume breakout waiting for ICICI
An upside of 3.5 % within short span of time
ICICIBANKICICIBANK has formed an ending diagonal suggesting a reversal in price. We are likely to see a deep correction from these levels.
#ICICIBANKOne of the largest banks of india looks very good on long term trend channel & gives a target upto 4000 by jan 2025.
P.S: This is not a buy or sell recommendation. It is just information sharing. Please consult your SEBI registered financial advisor before making any trade or investment as the stock markets are subject to market risk
ICICIBANK - Bearish ViewICICIBANK - Elliott Wave Count
the market looks like its near the top and soon we can expect the reversal downside to Wave A correction.its recommended to wait for the price to comes back & close inside the channel to confirm the bearish scenario to take short trades. whatever the high made on wave 5 will be the SL for the short position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:ICICIBANK NSE:ICICIBANKZ2023 BSE:ICICIBANK
ICICI Bank Day ChartHurdle 1000
Support 953 EMA 100
then 943 if breaks both level
then 921 EMA 200 support level
icici bank break outpure price uptrend in monthly chart
double bottom in weekly chart
break out in both weekly and daily ( we expect a pull back in daily chart )
Most awaiting breakout in ICICI.Most awaiting breakout in ICICI bid monthly and weekly chart. with CMO momentum with RSI monthly and weekly 60 above. So for what weight? Catch it.
Time to hunt down the ICICIBANK bears!!The stock broke out above an active supply/demand zone of INR 900-920 in April 2023.This particular zone has been an active supply/demand zone for the stock since Sep.2022.
2 attempts by the stock to go past INR 1000 mark were reversed by the sellers in July and Sep. this year.
Now for the past 3-weeks the stock has been making an accumulating range right at the zone of 900-920 and now has picked up some pace.(REMEMBER-ACCUMULATION RANGE AT SUPPORT AND DISTRIBUTION RANGE AT RESISTANCE OFTEN LEAD TO POWERFUL UP/DOWN MOVES RESPECTIVELY).
INR 950 is the minor resistance zone and the stock should not have much trouble taking it down first, before heading forward to face the bigger resistance of INR 1000(which too shall be hopefully taken down this time around).
TIME'S UP FOR THE BEARS!!
NOTE*- This post is for educational purpose. Please analyze/research thoroughly about any instrument in which you want to trade/invest.
ICICI Bank LongIcici Bank Elliot Wave Analysis
icici bank complete upside 5 wave and start downside wave A,B or C down side
Wave A internal wave a,b or c
Wave b internal Wave a,b or c
Wave C internal 1,2,3,4 or 5
wave C complete down confrim 2 or 4 trend line
correction a,b or c complete o-b trendline break
ICICIBANK : SWING TRADE / conditional buyICICI Bank can be buy if any hourly candle closes above 928 for which SL will be 924 (hourly candle close)
This counter is in Wave 2 and might might rebound for wave C/3, we can expect target of 954 - 960 if could sustain above 930.
ICIC BANK WEEKLY SETUP FOR POSITIONAL BUYIn weekly time frame price is in bullish trend, and price came down to the golden fib level zone and can be seen taking support. Can look for positoinal buy here targeting swing high.
ICICI BANK LONG Bounce back from 200 DEMA Trendline breakout with good volume
Macd Bullish crossover
RSI indicate Bullish
Good risk reward for long position.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
ICICIBANKThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar 📡
This content only education purpose!
❗I am not sebi ragister❗
SWING IDEA - ICICI BANKtechnicals suggest a gradual upside in ICICI BANK . There are multiple confirmations for the same. The reasons are stated below :
954 levels previously acted as a strong resistance and now the stock price broke 954 levels, which now acts as a support.
there has been a consolidation in the stock price for last 2months forming a falling wedge pattern(bullish sign)
support on the 50EMA (ON DAILY TF)
break of the trend line
Stock could easily move unto 1050 - 1111 levels in coming weeks.
ICICI BANK: Q2 RESULTICICI BANK: Q2 SL NET PROFIT 102.6B RUPEES VS 75.6B (YOY) || Q2 REVENUE 349.2B RUPEES VS 260.3B (YOY)
ICICI BANK: Q2 GNPA 2.48% VS 2.76% (QOQ) Q2 NET NPA 0.43% VS 0.48% (QOQ) Q2 PROVISIONS 5.8B RUPEES VS 12.9B (QOQ)
RESULT IS GOOD but price trading near Multiyear Resistance so buy on Dip better strategy for this stock . Major Support near 870
ICICI Bank Stocks trading near 5 day Low & Major Bank Nifty Components Near 1H POI its Strong Support , indicating a possible breakout
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
BullishBullish Harmonic Patter in ICICI Bank
This channel is about sharing my views about the Indian stock market. I am not SEBI registered. This channel is only for educational purposes. Before taking a trade takes a suggestion with your Financial Advisor (or) Trade at your own risk. I am not holding any position.
