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IBN trade ideas

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
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
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
ICICI BANK S/R for 25/11/24Support 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. 20 EMA (Exponential Moving Average): Above 20 EMA(50 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. 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. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. 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
[Positional] ICICI Low Risk High Reward TradeNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:ICICIBANKLong
by Amit_Ghosh
ICICI Bank Ltd for Intraday 30th October #ICICIBANK ICICI Bank Ltd for Intraday 30th October #ICICIBANK Resistance 1335. Watching above 1336 for upside movement... Support area 1320. Below 1316 ignoring upside momentum for intraday Support 1320.Watching below 1316 for downside movement... Resistance area 1335 Above 1335 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:ICICIBANKLong
by vichithra
Trading ICICI Bank Ltd. Using Fibonacci Channels ** Introduction :** As a Fibonacci channel trader, identifying strong resistance and support levels is crucial for making informed trading decisions. The chart for ICICI Bank Ltd. on the NSE provides a clear illustration of these levels, helping traders predict potential price movements and plan their trades accordingly. ** Strong Resistance and Support Levels: ** The Fibonacci channels on the chart highlight several key levels: - ** Support Levels :** - 0.236 (966.75 INR) - 0.382 (998.35 INR) - 0.5 (1,023.90 INR) - 0.618 (1,049.45 INR) - 0.786 (1,085.85 INR) - 1 (1,132.20 INR) - ** Resistance Levels :** - 1.618 (1,266.05 INR) Currently, the price is at 1,299.40 INR, which is above the 1.618 Fibonacci level, indicating a strong bullish trend. The next resistance level to watch is around 1,360.00 INR, as indicated by the upper blue channel line. ** Prediction as a Fibonacci Channel Expert :** Given the current bullish momentum, the price is likely to test the next resistance level around 1,360.00 INR. However, if the price retraces, it may find support at the 1.618 level (1,266.05 INR) or lower Fibonacci levels. ** Trade Type and Position Sizing: ** This trade can be classified as a trend-following trade, capitalizing on the ongoing bullish momentum. To calculate position sizing, use the formula: Where: - **Account Risk** is the percentage of the account you are willing to risk (e.g., 2%). - **Trade Risk** is the difference between the entry price and the stop-loss price. For example, if you enter at 1,299.40 INR with a stop-loss at 1,266.05 INR, the trade risk is 33.35 INR. ** Potential Entry :** A potential entry point could be at the current price of 1,299.40 INR, with a stop-loss at the 1.618 level (1,266.05 INR) to manage risk. ** Personality Fit for This Trading :** This trading strategy suits individuals who are patient, disciplined, and have a good understanding of technical analysis. It requires the ability to follow trends and make decisions based on chart patterns and Fibonacci levels. ** Conclusion :** By identifying strong resistance and support levels using Fibonacci channels, traders can make informed decisions and manage their trades effectively. The current bullish trend in ICICI Bank Ltd. presents an opportunity for trend-following traders to capitalize on potential price movements. Proper position sizing and risk management are essential to derive profitable outcomes while minimizing losses.
NSE:ICICIBANK
by stocktechbot