ICICIPRULI (NSE: ICICIPRULI) is consolidating near a critical resistance level of ₹606. For a bullish setup:
🔹 Trigger: Wait for a strong green candle closing decisively above ₹606 with elevated volume to confirm bullish conviction.
🔹 Targets: ₹643 (Initial) → ₹668 (Mid-Term) → ₹701 (Extended) → ₹776 (Final Target).
🔹 SL: Low of the breakout candle (strict risk management).
Why This Works:
Pure price-action strategy: Focus on key levels and volume-driven momentum.
Clear risk-reward hierarchy: Final target aligns with historical swing extensions.
This post is for educational/informational purposes only and not financial advice. Trading stocks/derivatives carries high risk. Past performance does not guarantee future results. Always conduct your own research and consult a licensed financial advisor before trading. The author assumes no responsibility for losses incurred based on this content.
🔹 Trigger: Wait for a strong green candle closing decisively above ₹606 with elevated volume to confirm bullish conviction.
🔹 Targets: ₹643 (Initial) → ₹668 (Mid-Term) → ₹701 (Extended) → ₹776 (Final Target).
🔹 SL: Low of the breakout candle (strict risk management).
Why This Works:
Pure price-action strategy: Focus on key levels and volume-driven momentum.
Clear risk-reward hierarchy: Final target aligns with historical swing extensions.
This post is for educational/informational purposes only and not financial advice. Trading stocks/derivatives carries high risk. Past performance does not guarantee future results. Always conduct your own research and consult a licensed financial advisor before trading. The author assumes no responsibility for losses incurred based on this content.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.