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ICICI BANK LTD.ICICI BANK LTD.ICICI BANK LTD.

ICICI BANK LTD.

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ICICIBANK trade ideas

ICICI Bank next week target 1220, 1240, or 1260If you are looking for a good stock for the next week, ICICI Bank can be a best stock on our golden parameters. The stock has moved from downtrend to uptrend according to our parameters on the daily chart, of course the stock is still below the pivot point but the possibility of an uptrend in it cannot be ruled out. The stock closed at an upper level today after the consolidation of the last three weeks. Which can prove to be a better option for the next week.
NSE:ICICIBANKLong
by Sudhir-Sirohi
ICICI BANK LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/share) 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. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It's important to remember that while these indicators can be useful, they are not foolproof. Always consider the broader market context and consult with a qualified financial advisor before making any investment decisions.
NSE:ICICIBANK
by zenthosh
ICICI Bearish PossiblitiesIn the ICICI Bank. It displays multiple week candle in the chart. Simple words : 1. Head & Shoulder pattern. 2. Multiple Rejection Candle. 3. Volume Increased (1220 to 1230). Entry : Stock should break the neckline and if Candle body close below 1160 price. Target : 1340 Reacting Points : 1164 Stoploss : Above 1230. Explanation : Technical analysis : Trend is Uptrend. But it is forming Head & Shoulder Pattern. Once it breaks the neckline. It have more possibilities to go opposite direction. Volume Analysis : In the volume analysis , Some big institutional players sell or book the profit at the level of 1220 to 1230. That's why volume indicator shoot up and cross the moving averaging level. It means Big transactions happened, that transaction is not BUY. Because buy means Candle body should be strong, but it show INVERTED HAMMER. Volume profile fixed range : Red line show High transaction happened at the level. If market close below 1660 level, then free fall. So better square off the position or buy put option. I am not a SEBI Register advisor. I am sharing information for educational purpose.
NSE:ICICIBANK
by Guru7208
1
ICICI BANK S/R for 5/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:ICICIBANK
by zenthosh