ICICIBank Long IdeaStock is trading in a channel. It SL --- Upon break of the channel in downward direction
target -- open
I1BN34 trade ideas
ICICIBANK 30MNBullish CRAB + BULLISH DIVERGENCE So strong potential reversal zone
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the downside from “Smart Money” so prices will not go lower..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
POTENTIAL BUY
ICICIBANK 1HRBullish BAT FORMED AT MAJOR SUPPORT + BULLISH DIVERGENCE
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the downside from “Smart Money” so prices will not go lower..Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
POTENTIAL BUY
ICICI Bank - Consolidation ICICI Bank has consolidated in 340-345 range. Even when bank nifty was falling, this stock held its range and didn't fall further. I think this is a sign of bull run that is going to start once negative sentiment wipes off from the market.
At this price, one can blindly take a position for the long term. If global sentiments are positive, we can see positive movement in this from 4th August. I have taken a position in this and willing to hold it for a month.
ICICI BANK: Range is still intactThe ICICI bank has been trading the range of 340-390 in the entire month of July and I do expect the range will persist between 330 to 390 on the on the August. At the current market condition buy ICICI bank 340CE and sell 325 PE if you have a lot of margin money else buy 340CE and sell 390CE.
ICICIBANK 15MNBullish BAT For SCALPING FORMED AT MAJOR SUPPORT So strong potential reversal zone
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the downside from “Smart Money” so prices will not go lower..Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
POTENTIAL BUY
ICICIBANK swing TradingICICIBANK tried so many times to go above 380 but given breakdown, and made a strong buy zone of 340 so we can make position for 377- 380 target.
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ICICIBANK 15MNBullish CRAB + Bat zone For SCALPING
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ICICIBANK 30MNBullish CRAB@1.902XA
Earlier this same Pattern given good reaction on Type1 entry & hit both TargetS Strong PRZ & at major SUPPORT
Low volume shows no interest to the upside from “Smart Money” so prices will not go higher
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ICICI MAY BULLISH FOR 3RD AUGUST 2020FRIDAY IT TOUCHED LOWER SUPPORT LEVEL, STOCHASTIC RSI ALSO MOVES UPWARDS AND FORMS A DOJI, SO THERE IS TRIPLE CONFIRMATION BY TECHNICAL INDICATORS. NORMALLY IF DOJI APPEARS, THE TREND REVERSES AND IT ALSO RESPECTS STRONG SUPPORT LEVEL.
DISCLAIMER: THIS IS FOR EDUCATIONAL PURPOSE ONLY, DOUBLE CONFIRM WITH YOUR TECHNICAL ANALYSIS BEFORE INVESTING YOUR HARD EARNED MONEY.
ICICIBANK 30MNBullish CRAB
Earlier this same Pattern given good reaction on Type1 entry & hit both TargetS Strong PRZ
Low volume shows no interest to the upside from “Smart Money” so prices will not go higher
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ICICI Bank - LongICICI Bank Long- Long at support level Mark in the Green Line. Target will be Red line which a resistance
Long Opportunity!!!ICICI BANK is on support of 339.5 followed by since may and making resistance on 395.45
Tommorow green candle may be an indication for bulls
short icici short icici for target
T1 253
T2 248.9
T3 247 .4
T4 242.6
T6 240.4
A BOUNCE BACK IS ALSO EXPECTED NEAR RETRACEMENT LEVEL 348.7 UPPER BAND IS 373
icici-- buynear to sapport zone and likely to take sapport at 347-48 and end of 2nd wave and once crosses previous high we have a trg of 450
ICICI BANK-Waiting to book @ 400 and above tomorrow...Market Commentary:
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
My style of trading is different from others and I WONT PLACE A STOP...but ALL MY TRADES ARE UNDER MONEY MANAGEMENT ACCORDING TO MY ACCOUNT SIZE...i wont close the trades even in the BIG NEWS EVENTS OR SCHEDULED NEWS TOO...i am technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned past are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...
Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
