Swing Trading Idea in ICICI PRU LIFE
SYMBOL - ICICIPRULI
There is a flag & pole pattern on daily time frame in ICICI PRU LIFE.
CMP is 520
I am taking long position in march futures here at CMP for 560-590 target.
Stoploss would be 498.
It is in good support zone & consolidated here. I think it is ready to blast. After breaking out above 530, It will move towards 560 & 590 very fast.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
There is a flag & pole pattern on daily time frame in ICICI PRU LIFE.
CMP is 520
I am taking long position in march futures here at CMP for 560-590 target.
Stoploss would be 498.
It is in good support zone & consolidated here. I think it is ready to blast. After breaking out above 530, It will move towards 560 & 590 very fast.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active:
CMP 530
Trade closed manually:
went till 540 & reversed. Looks like breakout fail scenario.
CMP 527
closing position here (7 rupees in profit).
CMP 527
closing position here (7 rupees in profit).
Trade closed: target reached:
CMP - 560
Although I exited my position 2 days ago but Analysis was on point & would have captured 8-10% profit in futures.
Although I exited my position 2 days ago but Analysis was on point & would have captured 8-10% profit in futures.
Trade closed: target reached:
CMP - 579
I exited my position at 527 but analysis was spot on. expecting last target 590 tomorrow.
12% up as of now from my buying level in just one week!
I exited my position at 527 but analysis was spot on. expecting last target 590 tomorrow.
12% up as of now from my buying level in just one week!
Although I closed my long position but looks like breakout is sustained & it is headed for 560 to 590 levels.