ICICIPru breakout Target for 401, 425, 437, 445.6 Long

ICICI PRUDENTIAL LNSE

Description

⋅ May 31, 2020 10:37 AM

ICICIPru has given a breakout after 30 March Channel. Immediate target looks for 401 and then correction till 395.2 and then target of 437 with correction till 432 and then final March towards 445.6.
No Target Correction
1. 401 (Correction till 395.2)
2. 437 (Correction till 432)
3. 445.6
It has also completed its first 4 wave form

Comment

⋅ May 31, 2020 10:56 AM

It has also completed its first 5 wave form

Comment

⋅ Jun 1, 2020 4:41 AM

1. 401 (Correction till 395.2) . This is done. Enjoy accurate analysis.

Trade closed: target reached

⋅ Jun 1, 2020 5:37 AM

First target reached of 401. Close all positions if any

Comment

⋅ Jul 3, 2020 6:22 AM

All 4 targets reached.

Comments

ksen007

⋅ Jun 9, 2020 5:18 PM

Will it now move to 437...pl. suggest

SiddRidd

⋅ Jun 9, 2020 5:40 PM

@ksen007, It may well be still possible as it has come back on in channel it formed from 26 Mar.
If on 5 minute chart it sustains and closes above 397.60 to 399.70, then pls ride it with Rs 2 trailing StopLoss. Currently Dowjones is recovering well up 200 points from lows, so this may well be possibility. Final Stoploss for any position is 381 on closing basis.