ICICIBANK trade ideas
ICICI Bank is Retracing and can be Shorted 26/02/2021this tikker seems to me overvalued and retracing from its ATH, as we can see there are many reasons to believe this stock is falling and will correct some of its rally and make the infrastructure for its upcoming rally.
we can see there is a Mild Bearish Divergence on MACD and Regular Bearish Divergence on MACD Histogram, which are the sign of trend reversal and retracement.
MACD and Signal lines are over crossing from top which is again an other sign of overbought and shall distribute some volume which will cause the trend reversal and surplus of supply and price correction and fall.
as we can see the price was ranging in an ascending Paralel Channel and it has already tried to break above the top boundary but could not hold the bull run and fall drastically with Big Red Bearish Candles, which is again another confirmation for the Bearish Divergence and trend correction or retracement.
there are total of 3 TP for the retracement which are having confluences with Fibonacci retracement golden Zones 38.2%,48.6% 61.8% Levels, amd past Support areas.
obviously after this retracement we should look in to the market sentiment in order to decide about the longing or rebuying it but yet there are good chances that there would come some packages from the RBI to infuse some blood to the banks wanes and pump them back up and make the new ATH where it can be 127% and 161.8% of the same fibonacci expansions.
the other scenario after the retracement can be a renge and the fall more as we can see the Cryptocurrencies are growing heavily and of course their growth is very dangerous for the centralized banking system and soon these systems are going to loos the battle to the crypos if they don't adapt a survival mechanism on time for saving some time and loses and it can be an end if the prices fall below the red accumulation zone...
please comment you opinions about this analysis
ICICIBANK Analysis ??ICICIBANK broken the monthly resistance @960 zone.
In weekly time frame also its bullish...
in daily time frame showing bearish pressure....
in lower time frames it is coming slowly to test the previous resistance might acts as support.
ICICI Bank very bullish with cup nad handle pattern Good sign of bullish trend in ICICI Bank. Trend will break up resistance and give target up to 1100
ICICIBANK - Targets and CorrectionICICBANK is completing an ending diagonal pattern which suggests that prices could reverse soon as a part of correction. Further confirmations can only be made after price breaks the structure (downwards).
This is only an idea based on the Elliott Wave Theory. Manage your own risk while trading or Investing.
ICICI Bank: The new leading bank?A close above 959 is required with good volumes, this will confirm a Cup and Handle BO. First 990 then 1150.
#ICICIBANK @prodigaltraderFormaiton of CnH is almost completed. Financials are also flavor of the Street @prodigaltrader
ICICIBANK CnH Pattern emerging in Uptrendwhen everything is falling today; something is raising and standing tall against all.
#ICICIBank that's my view.
ICICIBANK 1 Hour Chart ICICIBANK 1 Hour Chart .
icici bank chart update 1 hour timefrane chart all levels perfect work.icici resistance 933 to 935 and icici current price 923.50, icici bank stock follow trendline and 936.50 level brack so next target is 957.55 so previous high
icici bank support 914 to 911, and brack this level downside target is 896.10 this support level target.
ICICI Bank going to blast 🚀🚀ICICI Bank is near consolidation zone any breakout may cause a big upmove in ICICI Bank with 1:3 r:r ratio
ICICI Bank formed a triangle pattern ICICI Bank formed a triangle pattern If the market open inside the triangle and Break the triangle pattern either side we can take the trade
ICICIBANK short positionOn the chart we can see the main resistance (red) and several supports levels (green).
As the Relative strenght index is making lower highs we expect the price to continue lower and reach the target.
MACD is also showing a decreasing positive momentum and we may get a bearish cross soon.
2 targets , entry and stop loss are shown on the chart
Good luck
ICICI Bank formed a inverted cup and handle ICICI Bank formed a inverted cup and handle Of Tommorow market opens flat and break the neck line we can take the trade
ICICIBANK--Demand Zone @910-915 Range??the stock is trending downwards...
now the price is near to its demand zone ...where previously strong buy ness is observed..
wait for confirmation before long...if it gives support then will trade tomorrow..
just watch if it gives support or not.
ICICI BANK16.6.23 - EOD 9.30 PM
Disclaimer - I am not a trained or registered analyst. I do this only for my learning.
I am not responsible for anyone's losses or profits.
ICICI Bank
Observations on daily TF
1. Flag and pole formation
2. Flag breakout can happen in near future.
3. Inside bar candle formation on last 2 candles
4. If breakout happens on upside then around 30 points upside easily imminent.
Fingers crossed to see where this analysis goes.
Profitable Trading Opportunity: ICICIBANK's Bearish MomentumTraders and investors looking for a lucrative opportunity in the stock market should closely monitor ICICIBANK for potential short positions. The stock recently closed below its 20-day Simple Moving Average (SMA), indicating a shift in sentiment towards bearishness. If ICICIBANK slips below the crucial support level of 924 tomorrow, it presents a favorable entry point for shorting the stock. With downside targets of 912 and 903, these profit targets can potentially be achieved within a single intraday session or over a period of 2 to 3 days. Don't miss out on this promising trading opportunity to capitalize on ICICIBANK's downward movement. Stay alert and execute your strategy wisely!
ICICIBANK LEVELS-DAILY CANDLE (14.06.2023)ICICI Bank now in range bound, based on break out will decide the trend at daily candle basis, once its breaks 930 then will expect 890-850 range otherwise will wait for 960 above for new resistance.
ICICI BANK PENNANT PATTERNswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
ICICI BANKRounding Top at daily TF breakdown will bring weakness in the stock as well as in bank nifty must keep a close watch ..expecting a bounce before a fall✨
icici bank 1 hr trendline support icicibank 1hour trendline support 09/06/2023 buy cmp target 943.50- 945.50- 950 SL 935.40 risk reward 1.5
ICICI longIn our opinion after the price hits the entry level , it will rise again. Entry for long, target, and stop loss are shown on the chart.
Prediction for Tomorrow | 6th June hello Traders,
Prediction for tomorrow i.e. 6th June and levels for tomorrow, keep the levels in radar and initiate your paper trades accordingly.
ICICIBANK--Short Term Bearish look??Observations::
ICICIBANK:: from 960-880 bearish look
------Facing resistance in the zone 960...
buyers are exhausted in this zone....
from last few weeks it is trading in a zone....
the difference between the HH is reduced drastically and observed sellers are in control...
this may continue until price reached to 880 zone.
In the middle we have a demand zones, that will take the price up little bit.
Short term Bearish Look::
this is one more chance to enter for long to reach 1000, 1050 levels.
Keep track this levels, enter for long @880 or 860 zones.
