IBN trade ideas
ICICI Bank ReversalThe long green line is the strongest support and resistance zone. Once the market started falling from the range targets are wite lines. This analysis is based on harmonic and fibo levels.
ICICIBANKsell on levels
icicibank upmove failing - candle with long wick above body.
insidebar with long tail
ICICI Bank - Short term targetIf it breaks the channel, then we can expect price to go below 420 within 4-5 days.
Fall expecting to 340 and then to 280 in coming weeks...Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count changed or updated. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
Hey gays i am Using Rsi With Ema Trade and Price actionHey gays i am Using Rsi With Ema Trade and Price action
ICICI Bank on crucial levelsTrend line showing overall bearish trend. Bank Nifty also in bear mode clearly now.
Today's closing is very important. 385, if broken with volumes on closing basis will cause more pain. Previous candle bounced from support level and closed green. Current candle showing bearish bias.
Bullish only if hourly close above 393-395.
Kindly do your own research.
ICICI Bank Short Open Short position TP 407
Target 394, 380
SL 420 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
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