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ICICIBANK trade ideas

ICICI Bank: Is Another 30% Slide Around the Corner?The weekly chart of ICICI Bank reveals an intriguing historical pattern. Since 2008, the stock has experienced at least six significant corrections, each exceeding 30% from its peak. Despite its robust long-term uptrend, these periodic downturns highlight the cyclicality of market behavior and investor sentiment. Key Observations from the Chart: Historical Drawdowns: The stock corrected 76.93% in 2008 during the global financial crisis. Subsequent corrections were smaller but still significant, ranging from 25.93% to 54.05%. The last substantial dip occurred in the COVID-19 market crash. Current Sentiments: The stock appears to be trading near its historical highs, but the overall market mood remains weak. The Stochastic RSI is nearing the oversold zone, a signal that has often preceded sharp declines in the past. The Macro Backdrop: High Inflation: Persistently elevated inflation is eroding consumer spending and corporate margins. Higher Interest Rates: Central banks worldwide are maintaining a tight monetary policy, which could hinder credit growth and profitability for banks. Low Earnings Growth: ICICI Bank’s recent earnings have failed to excite the market, casting doubts on its ability to sustain high valuations. FII Selling Pressure: Foreign Institutional Investors (FIIs) have been consistent net sellers, further weighing on the stock price. Speculative Outlook: Given the confluence of weak market sentiment, macroeconomic headwinds, and the stock's historical tendency to correct sharply after extended rallies, a potential 30% downside cannot be ruled out. The key support zones to watch are the 50-week moving average and the 200-week moving average, which have acted as reliable floors during previous corrections. SIP Opportunity: Should the stock break below its 50-week moving average, this could present a good opportunity for investors to accumulate shares in a SIP mode. The 50-week MA often acts as a psychological and technical support, and a breach could allow long-term investors to enter at attractive valuations. Key Levels to Watch: Immediate Support: ₹1,200-1,190 (50-week MA) Deeper Support: ₹913-915 (200-week MA) Conclusion: While ICICI Bank remains a fundamentally strong player in the Indian banking space, the short-term outlook appears challenging. Traders and investors should brace for potential volatility and look for buying opportunities closer to historically significant support levels. SIP investors, in particular, can benefit from phased accumulation during corrections.
NSE:ICICIBANKShort
by shekharvsingh1
ICICI Bank is under strong bearish pressure.🔴 ICICI Bank is under strong bearish pressure. ICICI Bank is one of India’s top banks, based in Mumbai. They’ve got a massive network with over 6,600 branches and 16,000 ATMs across India. They’re known for their innovative banking solutions and have a strong presence in 11 countries. They’re considered a Domestic Systemically Important Bank by the Reserve Bank of India, which means they’re pretty crucial to the Indian banking sector. ✅ What pattern is unfolding in NYSE:IBN ? IBN created a triangle Chart Pattern that is usually considered a continuation of the trend, but in this case, there was a bullish breakout that quickly lost its effect. This is one of the most important bearish signals, especially if the pattern ends up breaking on the other side. 💰 How to trade this chart pattern? The ideal strategy is to sell once the blue trendline, which acts as price support, is broken. In this case, there was an initial rebound on December 20th that confirmed it, and then it broke, starting its downward movement. We could see a 7% drop in the coming days. 🛡️ The risk management strategy As we have done in so many previous ideas, remember you can split the position in 2. - 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 2% TP for 2% SL. - 50% of the position to a price as large as the previous pattern, which would mean a profit of 7%. ✴️ ENJOY AND FOLLOW for more 😊 You can find statistics for all patterns on our website, as well as the most interesting patterns currently unfolding.
NYSE:IBNShort
by TopChartPatterns
2
KEY LEVELS FOR 18/02/2025//description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. I want to make it clear that I am not a seller, and this method was not taught to me by anyone. The original creator only gave me one clue: 👉 "If you get one level, you get all levels." Everything else—the way I nail it the method and applied it—is my own work. I respect the original idea, but my approach is independent. Explanation: This trading system helps you avoid blind trades by providing confirmation for better entries and exits. Entry/Exit Points: - Entry/Exit Lines: Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - Stop Loss: For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - Take Profit: For long trades, target the next RED line above. For short trades, target the next BLACK line below. Timeframe: Use a 5 mins timeframe for trading. Risk Disclaimer: This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:ICICIBANK
by nandupk
ICICIBANK KEY LEVELS FOR 17/02/2025//description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. I want to make it clear that I am not a seller, and this method was not taught to me by anyone. The original creator only gave me one clue: 👉 "If you get one level, you get all levels." Everything else—the way I nail it the method and applied it—is my own work. I respect the original idea, but my approach is independent. Explanation: This trading system helps you avoid blind trades by providing confirmation for better entries and exits. Entry/Exit Points: - Entry/Exit Lines: Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - Stop Loss: For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - Take Profit: For long trades, target the next RED line above. For short trades, target the next BLACK line below. Timeframe: Use a 5 mins timeframe for trading. Risk Disclaimer: This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:ICICIBANK
by nandupk
ICICIBANK KEY LEVELS FOR 03/02/2025**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 mins timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:ICICIBANK
by nandupk
ICICI Bank Breaks Resistance on Solid Earnings – What's Next...?ICICI Bank has seen a notable increase of approximately 2.5% following a robust quarterly performance that exceeded market expectations. The bank reported a significant net profit uptick of 15%, amounting to ₹11,792.4 crore, reflecting its strategic initiatives' effectiveness. Additionally, its net interest income (NII) soared to ₹20,370 crore, driven by a healthy growth in lending and a favorable interest rate environment. In a complementary move, the Reserve Bank of India (RBI) has unveiled a measure to infuse ₹1.5 lakh crore in liquidity into the financial system. This action is aimed at enhancing the overall liquidity conditions in the market and supporting economic activity. Technically, the stock has successfully broken free from a downtrend that has been in place since December. It is now approaching a critical resistance level, which could be a pivotal point for future price movements. Should the stock manage to break through this resistance and sustain that position for a day or two, it could signal a strong buying opportunity for investors looking to capitalize on potential upside momentum. Hence, investors may want to consider initiating a long position or executing a purchase if these conditions are met.
NSE:ICICIBANKLong
by Kartik_Elkunchwar
ICICIBANK KEY LEVELS FOR 23/01/2025**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:ICICIBANK
by nandupk
ICICI BANK LTD S/R for 20/1/25Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:ICICIBANK
by zenthosh
ICICIBANK KEY LEVELS FOR 16/12/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:ICICIBANK
by nandupk
ICICI BANK Swing TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:ICICIBANKLong
by OptionCallPro
ICICIBANK KEY LEVELS FOR 12/12/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:ICICIBANK
by nandupk