IBN/N trade ideas
ICICI Bank looking weak on chartToday all bank were weak and few of them broke important support level. If ICICI bank stays below 330 then the next level is 308 and 270. Trade only Intra day and incase you are an investor then you can accumulate for next 12 to 24 months
Is ICICI BANK a next HDFC BANK?Since i was already bearish on ICICIBANK since early FEB 2020. Now looking at market structure i see some resemblance in Eicher motors 2003-08 structure. We know what kinda price action happened post 2009 on Eicher Motors, if thats case we found our next HDFC BANK.
ICICI Bank Long Perfect Setup to go long with stop at 348 - TGT 363 , 375 ,387 - Better to play for the next 2 days.
IBN targeting 38.2% fibWe have a daily breakout. In H2/H1, we can see a retest and a bullish continuation. A target could be set at 38.2 fib of Daily chart or previous Daily S/R. I prefer the former.
ICICI BANK BREAKOUT LEVEL BULLISH VIEW TargeT 382 stoploss325In icici bank positive divergence for a TargeT 382 stoploss325
ICICI Bank | Go Short |Use the pullback to get inFriends, please support this idea with LIKE if you find it useful.
ICICI Bank is in downtrend. Use the pullback to get in.
Thank you for your support, I appreciate it.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
GOOD OPPORTUNITY FOR LONG IN "ICICI BANK"IT PULLS BACK AFTER A NICE SUPPORT.NOW THE RECENT LOW AS STOP-LOSS, ONE CAN USE IT TO GO LONG WITH SHORT-TERM UP MOVE ON THE MARKET.RR AT 2.80
