ICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.
ICICI Bank 1D Timeframe Projection
The overall trend is bullish but here I share my view for ICICI Bank.
Upon analyzing the market trends, it has been observed that the overall trend for ICICI Bank is currently bullish. However, to provide you with a detailed perspective, I would like to share my view on the 1D timeframe projection of the stock. By analyzing the...
After 2 months base formation we had a strong breakout candle (Marubozu) & stock is taking a breathe from past 3 days.
Also as per Fib extension we had a pullback exactly from 1.618 level
Looks good till we are trading well above the breakout & targets can be 1180-1200 in short term
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Continuation in the bullish trend formed under the daily timeframe. Once again we witness a bullish breakout on the bull flag formed where we see a potential rally to the upside. This trend remains strong and valid with a perfect bullish setup.
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You...
I have just draw support and resistance, by looking the chart. ICICI looks good.
Please do your own analysis, then take your actions according to your risk taking capability.
ICICI Bank showing too much bullishness and feels like it's going to blast up for good targets with a decent stoploss. Look at chart for simple understanding (There won't be any indicators on my chart follow price action )
Entry - 1090
STOPLOSS - 1070
TARGETS - 1130, 1150, 1200++
NOTE- if any trade or value that's gone from the marked levels then that's not our...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point...
![ICICIBANK: [Positional] ICICIBank Buy Idea](https://s3.tradingview.com/8/8xJOq3fG_mid.png "[Positional] ICICIBank Buy Idea")
