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ICICIGI, BREAKOUT AFTER 1 YEAR & ZOOMING AT ATH (CHART# 376)

Long

ICICI LOMBARD GEN (NSE:ICICIGI)

NSE:ICICIGI ICICI LOMBARD GEN

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ICICIGI has managed to break its ATH with good volumes today and looks good candidate for short term with 1400-1390 was support zone .

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Piyush Gupta

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Comments

thanks for sharing sir... would make entry with half quantities here and wait for retracement for pyramiding.

Awesome analysis sir. Broke very strong resistance. Likely to make newer ATH levels. Thanks for sharing.

Very nice chart sir.

entry@1400-1390 right in retracements

Had on my list for round bottom but could not trade intra. However it's in my holdings from long time. Can u help me how I could figure out next target next target for long term?? Is it Fibo?? and what could be the value??

Chandruuu

@Chandruuu, Fibo is not applying on this chart, I tired.
If you observe, this stock is in closed range since June (DARVAS Box). Height of that box is target 1.

Chandruuu

OK. Thanks.

Good chart sir.I also gave you the details in live market about this breakout.did'nt found out the rounding bottom but founded the two resistances which you gave in the chart :)

Nice bo

so is it good to enter now it should we wait for a pullback?