ICICI BANKICICI BANK its forming rounding pattern , possible it will make handle too. keep in mind and enjoy the ride.
ICICIBANK trade ideas
Icici is looking for a breakoutIn daily chart pattern, it forming a closing triangle near resistance, hence break out may follow soon
trend and trend lineprice were rising along the yellow trend line than it breakout after making 1.618 projection high.
buy icici fo longbuy abv:644
trgt-647-650-653
stop loss 640
Disclaimer: The above is shared just for educational purpose and is my personal view.
By no means shall I be accountable for any debits/losses amounting out of it.
I am not a SEBI registered Analyst, so please consult your Investment Advisor and take rational decisions
Icici bank Icici bank looks good for shorting opportunity on monday . As on Friday the bank was also week . So wait if it breaks the pannel then we can see a fall
ICICI BANK on a Breakout.As i can see in Daily as well as 60 Min TF, there is a Breakout from which we can easily achieve 5% target.
Enjoy Your Trading carrer guys!
Happy Trading!
ICICI Bank Bull Call SpreadICICI Spot: 623
Breakeven: 624
Buy ITM: CE 600 @ 28.30
Short OTM: CE 640 @ 5.95
Theta: +0.12 (Theta Neutral)
Delta: +0.47
Probability: 49 %
Max Pofit: +25K
Max Loss: -30K
Exit
SL: Spot Slips below 615 on a closing basis
Target: Profit > 10K (Spot > 632)
Rationale:
RS: +VE Stock
Price: Bullish Candle (Reversal) - Price is above 20 EMA (600) & 50 EMA (590) Strong support Zone - Value Area.
RS: Break Out from descending trend line
RSI: Break Out from previous high
Bank Nifty: Bullish
Sell ICICI Bank Below 593Short-term Idea - Sell ICICI Below 593 for TGT 580-575.
IMP - 593 is the trigger point to sell ICICI Bank and 587 is another strong support once it will break then there will be strong confirmation we will get, later it might show an important resistance level for a big bounce on reversal.
ICICIBANK 1HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ICICIBANK 1HRBEARISH Deep CRAB
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Deep CRAB WILL ALSO GIVE REACTION FROM 1.902XA i.e HOP
ICICIBANK - Bearish - Head and ShoulderICICIBANK - Looking Bearish = Head and Shoulder pattern forms at the top, we expect trend reversal.
3Cr Rupees penalty by RBI also indicates the down move.
For Educational and research purpose only.
