IBN trade ideas
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.
ICICIBANK retesting 891 level as per one hour - BEARISH PATTERNICICIBANK bearish mood as per retesting its resistance level of 891 and it can move down for 850 level soon....
ICICI Bank -All time highAs banking sector is gaining momentum. ICICI bank is also all set to take on new highs a good stage formation after a good run up. Breakout awaited.
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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ICICI Bank Short Term TradingLong above 864. T1 - 885, T2 - 907.75, T3 - 950, T4 - 992.15 ……. SL - 820
Short Below 778. T1 - 759, T2 - 745.05, T3 - 734, T4 - 694.50 ……. SL 802
ICICI BANK Trade setup Idea for 09 September, 2022ICICIBank is the first bank to reach its ATH, since 900 is a round level, I expect the stock to hover around the 900 levels for a day or 2 before it goes further higher.
ICICI Bank intraday view of icici bank... its go long if sustainable above resistance area... otherwise go short side but for safe trade go short according to lavels from mention in chart.
ICICI BANK LONGDouble bottom candle stick chart pattern is formed in ICICI Bank you can buy it for swing trade after seeing upper closing of its neck line..
I'm not sebi register adviser so plz do your own research. this is my personal view I have right to be wrong ..
ICICI BANK TRADE SETUP SHAREDicici bank trade setup target got on my own risk to reward best swing trade ever
$IBN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $IBN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
ICICI Bank Breakout IdeaICICI BANK is near breakout(4th attempt on daily chart) and the volumes are good.
CMP IS 727.
PLEASE NOTE: THIS IS NOT A TIP OR ADVICE. IT'S ONLY A TRADING IDEA. KINDLY CONSULT YOUR FINANCIAL ADVISOR.
Looking for a scalp in ICICI BANK Will only take this trade , if i can confirm the entry when the price reaches my POI.
Don't Be the dumb money .
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 - a hidden Indian GemAs India is one of the fastest growing economies this stocks potential is very high, in the last 30 years India's economic growth has only declined in 1 of those years (COVID year) in the last 10, growth has almost doubled. With a rising economy and very strong fundamentals this seems a wise investment to hold long-term. I am looking to enter a position at the gap down around $21.41 as short-term it is in a bull flag that has potential to break out around the $26 mark. FY22 it had a profit margin of 21.58% and Debt to Assets of 9.97% respectively (17.5 Trillion in Assets) and EPS of 37.94 ending FY22 compared to 7.04 ending FY19 a sizable increase to say the least. A very strong stock in a booming Indian economy, could be a safe haven as US market has been very unpredictable IMO.
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 %).
ICICIBANKNSE:ICICIBANK
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icicibank longicicibank today close near all time.next resistance 868 the level of resistance its break to hit another all time high.immediate support placed at 800 next support 775.to watch crucial for next week.
ICICI Bank Ltd.*ICICI Bank Ltd.*
P&F Pattern: Monthly Basis
RB Pattern: Weekly Basis
Strong Vol. Consolidation & Builtup
Price Improve. BreakOut to be Watched
Once Happen, Good to Go
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
Fundamentally Sound / To Big To Fail Pvt. Bank.
Improving Revenue/Profitability: Yearly Basis.
Indian Macro Factors Likely to add further traction to Credit Growth: +ve for ICICI Bank.
Improved Q1-FY23 Results. Better NIM, NPA, Deposit, Loan Growth levels.
Increasing Sales/Profitability on Yrly Basis.
Satisfactory CAR levels.
Continued +ve Ops. Cash Flow
Substantial Holding with FIIs/DIIs.
*Concern:*
Slippages, Increase in NPAs
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
ICICI BANK - Short!!ICICIBANK - Corrective wave ABC ongoing.
Short the stock.
Target - 773
SL - 820
Risk aversive players can create a protective call strategy here, i.e.,
Sell futures
Buy ATM call
