π Chart Analysis: ICICIGI - Monthly Time Frame π
π Potential Rounding Bottom Breakout!
π After a prolonged downtrend, ICICI General Insurance seems to be gearing up for a major turnaround! π The chart is painting a beautiful rounding bottom pattern, indicating a potential reversal.
π₯ Trade Setup:
CMP (Current Market Price): 1711 πΉ SL (Stop Loss): 1589 π Targets: 2279 π―, 2879 π π What's a Rounding Bottom? Imagine the market doing a graceful U-turn π - that's the rounding bottom! It's like the phoenix rising from the ashes, symbolizing a potential shift from bearish to bullish trends.
π¨ Trade Strategy:
π Wait for the breakout confirmation. βοΈ Place your stop-loss strategically at 1589. π― Targets set at 2279 and 2879. π€ Why is this exciting?
Rare chart pattern alert! Potential reversal play in a long-term downtrend. π Targets set for an optimistic ride! π Disclaimer: Trading involves risk. Always conduct thorough research and use risk management strategies. Not a SEBI registered analyst.
π Your thoughts? Excited about this potential breakout? Share your insights below! Let's discuss and learn together! π€π¬
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