ICICI Bank trading ideasNow , it's simply we can see a H & S pattern formed on ICICI Bank it indicates big fall cause it has started from August sell below 840 or from current level stoploss 883 and target 750 yes I see again I'm here with most intensive analysis which have helped you every time history u can check in my profile, after long time I'm posting so I need your support 🙏 again and again do like, comment. Thanks you.
ICICIBANK
Icici Bank Elliott Wave AnalysisThe stock has very high liquidity everyday and has been moving in great impulse for last 2-3 months and now the correction is getting completed as expanding flat pattern.After the end of correction at the shown level the wave 3 impulse will start for the target of 1200 level in coming months.
BANK NIFTY VERY DETAILED ANALYSIS!!"when nifty is top, everything should be on top, when nifty crashes, the market crashes".
everything on chart is explained about the trend lines with different colours.
recently, bank nifty gave a good bull, and now a small correction it has faced.
ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen.
ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable.
1. hdfc has a weightage of 26% in bank nifty and has to rise about 20%
2. icici has a weightage of 24% in bank nifty and has to correct about 12%
3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty.
so this 3 matches will make the bank nifty to stay within the range of (42200-38200)
i will post the same analysis in other bank with bank nifty posts too.
currently i am short on icici bank and bullish on hdfc.
UPDATE ON BANK NIFTY, ICICI AND HDFC BANK along with NIFTY 50!recently, bank nifty gave a good bull, and now a small correction it has faced.
ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen.
ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable.
1. hdfc has a weightage of 26% in bank nifty and has to rise about 20%
2. icici has a weightage of 24% in bank nifty and has to correct about 12%
3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty.
so this 3 matches will make the bank nifty to stay within the range of (42200-38200)
i will post the same analysis in other bank with bank nifty posts too.
currently i am short on icici bank and bullish on hdfc.
ICICIBANKICICIBANK - in daily chart macd line is above macd signal line and rsi not in overbought zone and 3 ema in cross above eachothers......
1. First resistance is 1000
2. Resistance is long trendline as per weekly chart
3. RSI not in overbought zone in - MONTHLY CHART
4. RSI not in overbought zone in - WEEKLY CHART
5. MACD line crossed above in monthly weekly chart
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AXISBANK Retracement AXISBANK as per 50 ema crossed above 100 ema and 100 ema crossed above 200 ema so as per technical indicators axisbank in uptrend and as per priceaction it is giving only retracement and it will fly in upcoming days like #icicibank #sbin my opinion to hold the position and stay tuned
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study purpose only
Bank Nifty Levels & Strategy for 15/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN, now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone.
Highest open interest on call side at 41500 (Shifted up from 41000 to 41500)
Highest open interest on put side at 40000 (Remained at same 40000 level)
NIFTY
Nifty is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 (bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level
Highest open interest on call side at 18100 (Shifted down from 18500 to 18100)
Highest open interest on put side at 17900 (Shifted down from 18000 to 17900)
Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
ICICI Bank Levels for next weekDear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
ICICI Bank levels for next week. Bank Nifty is looking weak and traders as well as investors started doing profit booking. ICICI Bank is likely to offer sell on rise opportunity with SL (Candle closing on daily chart above life time high).
Have a happy, healthy & profitable day ahead!
Icici bank.Lets short Looking the chart icici bank it creat the trend to near the break out wait for confarmation to short entry to make the easyable profit
In wave analysis 3rd wave was finished 4 impulsive wave formation to it could be a too long then wave 2 when wave 2 is small wave 4 is too bigger than wave 2
ICICI BANK - short position As RSI currently is around 75, we believe that it will have to cool down soon, however we expect that the price will increase a little bit more and will get rejected from the resistance level. After that, we expect that the price will decrease to retest the support.
- entry point: at the resistance level;
- target: at the support level shown in the chart;
- stop loss: above the resistance level (3,12 %).
ICICI Bank Future Chart LevelsDear traders, I have identified levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
Is ICICI Bank ready to touch 52 High in coming days?
OR
Profit Booking will bring down ICICI Bank to near major support levels?
ICICIBANK- Price Action Analysis NSE:ICICIBANK has already nearest to the PRZ level 1.272 at 805-806.
There would be higher chance of correction at this level.
BUY:
Those who have can book their profit or New buying will come when it takes the pullback up to 755.
SELL:
You can take a short after price will show any rejection.
beautiful BULLISH chart of ICICI BANK hey guys ,
waiting from a long time to publish this idea
icici is presenting a beautiful bullish chart
from a short period of time
this stock was moving in TRIANGLE PATTERN ,
between this pattern
this stock tried to go bearish but it recovered
and it resulted to bear trap of traders
now we can see that a beautiful long green candle is presented above the resistance area ,
this gives us a confidence to buy this stock and earn high returns ,
also this stock is fundamentally good
therefore, you can buy this stock and achieve high returns
THE CHART IS SO BEAUTIFUL THAT
YOU CAN UNDERSTAND IT IN FORST VIEW ,
AND PLS GUYS IF U LIKED MY ANALYSIS
COMMENT , LIKE AND FOLLOW
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ICICIBANK technical analysisNSE:ICICIBANK
In ICICIBANK
I used auto harmonic pattern to predict the market if u also want to use this then follow the steps:
1) open "indicator" and search "auto harmonic pattern" and click on it.
2) open "settings" and go to "style" and remove "table".
3) this indicator will automatically generate targets.
And if u want to understand more then follow us and observe how we give targets and find levels:-
👇👇👇👇👇👇👇👇👇
If it breaks downward level (* 715* ) as you can see in the chart above, then our :-
Targets :-- 685 , 625.
Make sure that market may retrace after achieve target.
For more such information stay connected with us.🤘🤘🤘
ICICIBANK technical analysisNSE:ICICIBANK
In ICICIBANK
I used auto harmonic pattern to predict the market if u also want to use this then follow the steps:
1) open "indicator" and search "auto harmonic pattern" and click on it.
2) open "settings" and go to "style" and remove "table".
3) this indicator will automatically generate targets.
And if u want to understand more then follow us and observe how we give targets and find levels:-
👇👇👇👇👇👇👇👇👇
If it breaks downward level (* 715* ) as you can see in the chart above, then our :-
Targets :-- * 685 * ,* 625 *.
Make sure that market may retrace after achieve target.
For more such information stay connected with us.🤘🤘🤘