ICICI BANK LOOKING BULLISH SETUP BUY ZONE -366 SL:- 334 TARGET :454
hello!! today icici bank's result was awesome but as the market is not moving with results as hul also did a breakdown after 7% up result and all others too going opposite to the market so prediction will be a bit difficult as with the result it looks like the opening will be around 385+ or 395 and if breaks the trendline and goes up then 439 can be seen but since...
#ICICI ,#BANKNIFTY #BANK #NIFTY50 IF open positive ,short term upside
ICICI BANK EXPECTING BREAKOUT
ICICI go long, hourly trend bullish
ICICI BANK HAVE CHANCE TO FALL UPTO 300
If 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.
Reasons 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.
Long above 380 for breakout and Short below 372 for channel ranged
ICICI Bank has completed inverted head and shoulder pattern. For further confirmation, it should close above neckline tomorrow. TARGET 475.
Now if ICICI gets close to the red zone, the resistance would be considered as week resistance. This weakening of resistance 3rd time might push up the stock with good potential in another reset.
looks like ICICI bank is ready for upmove. Daily and weekly charts looks impressive & RSI showing +ve divergence
INTRADAY & SHORT TERM ICICI BANK Cup & Handle Breakout Above 375.55 , Target 385,390+
intraday: BUY icici bank 367.5 SL 363.5 target 371,374