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Icicibankoverview

ICICIBANK - Bearish ViewICICIBANK - 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 information is for educational purposes only, and it is crucial to trade with caution. NSE:ICICIBANK NSE:ICICIBANKZ2023 BSE:ICICIBANK
NSE:ICICIBANKShort
by Treda_pro
ICICIBANK--Long to Bearish Gap ??The stock is trending downwards.... price is now near to a strong, a strong rise is observed from this area.. If it is a bullish turn price will take the support from this area... then look for buy side.... If this area pushes the price upside...we will on long side until the Bearish Gap be filled. again will look for sell at Bearish Gap or trendline. Look for buy up to 970 and 980 levels. Mean while it will also test the trendline again. Keep safe.......
NSE:ICICIBANK
by IIT-Trader
1
ICICI Bank is Retracing and can be Shorted 26/02/2021this tikker seems to me overvalued and retracing from its ATH, as we can see there are many reasons to believe this stock is falling and will correct some of its rally and make the infrastructure for its upcoming rally. we can see there is a Mild Bearish Divergence on MACD and Regular Bearish Divergence on MACD Histogram, which are the sign of trend reversal and retracement. MACD and Signal lines are over crossing from top which is again an other sign of overbought and shall distribute some volume which will cause the trend reversal and surplus of supply and price correction and fall. as we can see the price was ranging in an ascending Paralel Channel and it has already tried to break above the top boundary but could not hold the bull run and fall drastically with Big Red Bearish Candles, which is again another confirmation for the Bearish Divergence and trend correction or retracement. there are total of 3 TP for the retracement which are having confluences with Fibonacci retracement golden Zones 38.2%,48.6% 61.8% Levels, amd past Support areas. obviously after this retracement we should look in to the market sentiment in order to decide about the longing or rebuying it but yet there are good chances that there would come some packages from the RBI to infuse some blood to the banks wanes and pump them back up and make the new ATH where it can be 127% and 161.8% of the same fibonacci expansions. the other scenario after the retracement can be a renge and the fall more as we can see the Cryptocurrencies are growing heavily and of course their growth is very dangerous for the centralized banking system and soon these systems are going to loos the battle to the crypos if they don't adapt a survival mechanism on time for saving some time and loses and it can be an end if the prices fall below the red accumulation zone... please comment you opinions about this analysis
NSE:ICICIBANK
by BitonGroup
8
ICICI BANK | Get ready to go short.When it comes to the technical analysis of ICICI BANK, you might get an impulse to the downside. Based on my analysis, you might see a drop to the downside. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just above the entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:ICICIBANKShort
by maxprofwizard
1
ICICI trend analysis for November monthThe bank is in strong bull movement from last October and it didn't break the trend line yet. As the bank broke the February high with high volumes in September and moving 25% higher to market price. From the chart the stock is having strong support at 680 and it could consolidate for next 4-6 weeks in the range from 700~840. We can wait for buying the stock at support levels with stop loss of 620-640 Range - 700 ~ 840 Resistance - 830-850 Support - 715-750
NSE:ICICIBANK
by tradeGambler
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!
NSE:ICICIBANKLong
by AkmeAnalytics