One of the largest banks of india looks very good on long term trend channel & gives a target upto 4000 by jan 2025.
P.S: This is not a buy or sell recommendation. It is just information sharing. Please consult your SEBI registered financial advisor before making any trade or investment as the stock markets are subject to market risk
ICICIBANK - Elliott Wave Count
the market looks like its near the top and soon we can expect the reversal downside to Wave A correction.its recommended to wait for the price to comes back & close inside the channel to confirm the bearish scenario to take short trades. whatever the high made on wave 5 will be the SL for the short position.
Please note that this...
The stock broke out above an active supply/demand zone of INR 900-920 in April 2023.This particular zone has been an active supply/demand zone for the stock since Sep.2022.
2 attempts by the stock to go past INR 1000 mark were reversed by the sellers in July and Sep. this year.
Now for the past 3-weeks the stock has been making an accumulating range right at the...
Icici Bank Elliot Wave Analysis
icici bank complete upside 5 wave and start downside wave A,B or C down side
Wave A internal wave a,b or c
Wave b internal Wave a,b or c
Wave C internal 1,2,3,4 or 5
wave C complete down confrim 2 or 4 trend line
correction a,b or c complete o-b trendline break
ICICI Bank can be buy if any hourly candle closes above 928 for which SL will be 924 (hourly candle close)
This counter is in Wave 2 and might might rebound for wave C/3, we can expect target of 954 - 960 if could sustain above 930.
In weekly time frame price is in bullish trend, and price came down to the golden fib level zone and can be seen taking support. Can look for positoinal buy here targeting swing high.
Bounce back from 200 DEMA Trendline breakout with good volume
Macd Bullish crossover
RSI indicate Bullish
Good risk reward for long position.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar 📡
This content only education purpose!
❗I am not sebi ragister❗
technicals suggest a gradual upside in ICICI BANK . There are multiple confirmations for the same. The reasons are stated below :
954 levels previously acted as a strong resistance and now the stock price broke 954 levels, which now acts as a support.
there has been a consolidation in the stock price for last 2months forming a falling wedge pattern(bullish...
ICICI BANK: Q2 SL NET PROFIT 102.6B RUPEES VS 75.6B (YOY) || Q2 REVENUE 349.2B RUPEES VS 260.3B (YOY)
ICICI BANK: Q2 GNPA 2.48% VS 2.76% (QOQ) Q2 NET NPA 0.43% VS 0.48% (QOQ) Q2 PROVISIONS 5.8B RUPEES VS 12.9B (QOQ)
RESULT IS GOOD but price trading near Multiyear Resistance so buy on Dip better strategy for this stock . Major Support near 870
Stocks trading near 5 day Low & Major Bank Nifty Components Near 1H POI its Strong Support , indicating a possible breakout
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial...
