IBN trade ideas
ICICI Bank - BearishICICI Bank CMP - 476.70
Looking bearish in higher time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Sell at or Below ONLY 471 / Stop Loss 479
Target 1 - 468
Target 2 - 465
Target 3 – 462 / 460
Disclaimer: This is my view and for educational purpose only.
ICICIBANK - Ascending Triangle (Intraday/Very Short Term)This analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price. If prices gives big breakout/breakdown, dont rush in trade.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
ICICI Bank H&S Top and TargetsIcici Bank is forming a H&S pattern on hourly chart. Currently Printing Right Shoulder.
Pattern invalid if stock gives hourly close above 413 levels.
For this pattern to work, Stock must break below 390 and close there on hourly basis.
Target of this H&S Pattern are 365 and 350.
ICICI BANK (DAILY) - CUP & HANDLE BREAKOUTICICI BANK ( DAILY)
CUP & HANDLE BREAKOUT
Cup formation as on 31st Aug 2020 till 21st Oct 2020 & Handle formation as on 21st Oct 2020 till 30th Oct 2020
Awaiting handle breakout at 402 levels for a target of 425 , provided stochastic turns from oversold position
RSI = 50
9 day EMA > 21 day EMA
Volume is Average
2nd buy above 430 levels for a target of 502 levels
