IBN trade ideas
ICICI bank { Short }Doji in formation at the d- frame resistance . We're betting for a fall here towards supports drawn as a target. Rest is as per chart
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
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ICICI BANK making Higher LowStock making higher low and we can see on daily chart frame so we can go buy on support line with confirmation...
Analysis on ICICI Bank (short)Elliot impulse wave completed
drawn Elliot corrective wave (forecast)
for swing traders, ideal level to short for good returns
keep appropriate stop loss and trade with the levels
Harmonic Pattern - ICICI Bank(short)swing traders short ICICI Bank with today's high as your stop loss
Target min 10 pts book below 508
patient Target 490
Intraday traders avoid this script
option buyers & Hedgers
buy Jan 420PE and sell 390PE
exit when 30mins spot candle cross 520
ICICI Looks BULLISH!!icici has taken a perfect retracement and could go to higher levels from now on.
ICICIBank - Elliott wave analysis - corrective downIcicibank is now in correction mode, so stay bearish with the stop loss above high 527.90 for target near 499-490.
ICICI Bank turning Bullish - Expecting Target of 530--550ICICI turned super bullish from this point as RSI taking support at 60.00.
Bullish Harami Candle forming on daily chart, break and sustain above 480.00 will take it to 520 and then to 530--550
We can enter ICICI Bank with Bull Call Spread.
Bull Call Spread on ICICI Bank
+1x 31DEC2020 480CE - ₹ 23.65
-1x 31DEC2020 530CE - ₹ 7.25
Max. Profit - ₹ +46,200
Max. Loss - ₹ -22,550
Max. RR Ratio - 1:2.00
Breakeven - 497.00
Estimated Margin/Premium - ₹23,000-- ₹25,000
ICICI Bank: Key Support and Resistance LevelICICI Bank is in strong uptrend and my personal view on ICICI Bank is bullish medium to long-term.
However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter.
That's why you need to know from where ICICI Bank might bounce back. So, I draw key diagonal Support and Resistance level.
Wait for these levels and when price rejects this price level, you may get an opportunity to make money.
Happy Trading!
ICICIBANK: Accurate Elliot Wave AnalysisThe impulsive move up is complete, now i expect a corrective structure downward or an impulsive structure downwards. The good thing is both forecast are pointing south.
Flag Pattern Break out + RetestedFlag Pattern Break out + Retested and ready for further fly
CMP 509.85
TARGET 516,550
SL 497
ICICI BANK Daily Bearish BAT + RSI DIVERGENCE
AFTER ultra high volume, candle spreads are getting NARROW
With RSI BELOW 70 and with NO DEMAND
SELL
ICICI BANK WEEKLY BEARISH Bat
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .
1ST Vertical dotted line is ULTRA HIGH VOLUME i.e DISRIBUTION PHASE of SMART MONEY .
2nd and 3rd Vertical Dotted lines is NO DEMAND at the ULTRA VOLUME CANDLE..
ULTRA HIGH VOUME Candle will be RESISTANCE
ULTRA HIGH VOLUME for going SHORT confirmation need with LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR like earlier i.e when NO DEMAND( volume lower than previous 2 candles)appears with RSI BELOW 70
POTENTIAL SELL
ICICI BANK MONTHLY BEARISH DEEP CRAB Earlier this Pattern given good reaction on Type1 entry & Hit TARGET 1 ,now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY .ULTRA HIGH VOLUME for going SHORT confirmation need with LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR i.e when NO DEMAND(volume lower than previous 2 candles)appears with RSI BELOW 70
POTENTIAL SELL
ICICIBank - Elliott wave analysis - about to reverse Icicibank is in 5th subwave of final 5th wave up, which about finish soon. Sell below 499 for target below 470 after completing the cycle.
