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ICICI Prudential Life Insurance Company Limited (ICICIPRULI) Overview ICICI Prudential Life Insurance Company Limited (NSE: ICICIPRULI) is currently navigating through an ascending channel, as shown in the 3-hour chart. It’s like watching a circus performer carefully walk a tightrope – thrilling, but you never know which way it will go! Technical Pattern: Ascending Channel The price action of ICICIPRULI has been steadily climbing within the confines of an ascending channel. This pattern is characterized by higher highs and higher lows, creating a channel where the price is currently dancing near the upper boundary. Channel Resistance: The upper boundary, currently acting as resistance, is approximately near ₹770-₹775. Channel Support: The lower boundary, providing support, is hovering around ₹735-₹740. Current Price: ₹768.00 (as of the last candle close) Volume: 97.709K – indicating moderate trading activity, almost like the audience holding their breath as they watch the performer’s next move. Price Action Analysis ICICIPRULI’s price has recently tested the upper boundary of the ascending channel, but couldn’t muster the strength to break out. This is like trying to reach the top shelf without a stool – so close, yet so far! The price has pulled back slightly, hinting at a potential consolidation before the next big move. What to Watch For Breakout or Breakdown?: The key question is whether ICICIPRULI will break above the channel's resistance or succumb to the support line. A breakout could lead to a bullish run, while a breakdown might see the stock tumble towards lower levels. Volume Confirmation: Watch the volume closely. A breakout with strong volume could confirm the move. On the other hand, if the price breaks down with increased volume, it could signal a bearish shift. RSI and Other Indicators: Keep an eye on RSI and other momentum indicators to gauge the strength of the current trend. Possible Scenarios Bullish Scenario: If ICICIPRULI breaks above the channel resistance with significant volume, it could head towards the next resistance levels around ₹800-₹810. Bearish Scenario: If the stock fails to hold the channel support and breaks down, we could see a pullback towards ₹735 or even lower. Conclusion ICICI Prudential Life Insurance Company Limited is at a critical juncture, much like that tightrope walker deciding whether to step forward or retreat. While the ascending channel provides a structured path, the real question is – will the stock perform a grand finale with a breakout, or take a cautious step back? Stay tuned, and remember to enjoy the show while keeping an eye on those risk management strategies!
NSE:ICICIPRULI
by TRADING-NASA
Medi Assist Healthcare Services Limited - Strong Buy Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. Quarterly Revenue Medi Assist Healthcare Services Ltd. Jun-2024 Quarterly Revenue is Rs 36 Cr which is growth of 53.9% YoY. Quarterly Net Profit Medi Assist Healthcare Services Ltd. Jun-2024 Quarterly Net Profit is Rs 9 Cr which is growth of 118.9% YoY. STRONG BUY Target around 710 RSI is 63.6 MFI is 80.3, MFI above 80 is considered strongly overbought. This implies that stock may show pullback. MACD is above its center and signal Line, this is a bullish indicator. Medi Assist Healthcare Services Ltd. is trading above 7 out of 8 EMAs. "Disclaimer: This content is for educational purposes only and does not constitute investment advice. Any investment decisions you make are at your own risk."
NSE:MEDIASSISTLong
by AvayaFintech
ADANIGREENADANIGREEN Resistance Line (Red): The upper red dashed line is acting as a resistance line, where the price has previously struggled to break through (as indicated by the red arrows). Support Line (Red): The lower red dashed line is the support level, where the price has bounced back up (as indicated by the green arrows). Possible Breakout Scenarios Bullish Breakout (Scenario 1): If the price breaks above the resistance line, the stock could potentially move higher towards the next resistance level around ₹3,050, as indicated by the dashed blue line with label "1". Bearish Breakdown (Scenario 2): If the price breaks below the support line, it could drop significantly, potentially moving towards the lower level around ₹400, as indicated by the dashed blue line with label "2". Scenario 1: Bullish Breakout Breakout Level: Around ₹2,000 to ₹2,050. 1First Target: ₹2,400 - This is the first level of resistance, where the stock previously faced selling pressure. Second Target: ₹3,050 - The upper resistance level, marked as "High" on the chart. This could be a medium-term target if the bullish momentum continues. Extended Target: ₹3,600 - If the momentum is strong and supported by increasing volume, the stock could potentially reach this level, which would be a measured move based on the height of the triangle pattern. Scenario 2: Bearish Breakdown Breakdown Level: Below ₹1,750. First Target: ₹1,400 - This is a key support level from the previous swing low, and it might act as a buffer before further decline. Second Target: ₹800 - This is a more substantial support level that aligns with previous significant lows in 2022. Extended Target: ₹400 - This is the lower extreme marked by the chart, which could be reached in a severe bearish scenario, possibly driven by a market-wide correction or negative news specific to the company. Stop-Loss Strategy: Bullish Trade: Place a stop-loss just below the breakout point, around ₹1,750, to protect against a false breakout. Bearish Trade: Place a stop-loss just above the breakdown point, around ₹2,050, to safeguard against a false breakdown. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏 epro-bullswings dt02/09/24
NSE:ADANIGREENLong
by asAMOLSUTAR
Technical Analysis for Barbeque Nation Hospitality Ltd.Technical Analysis for Barbeque Nation Hospitality Ltd. (BARBEQUE): - **Time Frame:** Weekly chart - **Trade Type:** Swing trade for 6-12 months - **Entry Strategy:** Buy at Current Market Price (CMP) ₹626.60 - **Stop Loss (SL):** ₹539 for risk management - **Targets:** - Target 1: ₹1022 - Target 2: ₹1190 - **Risk-Reward Ratio:** Favorable Monitor price action closely, particularly during the retest of the breakout. Adjust strategies based on market dynamics. #BarbequeNation #TechnicalAnalysis #SwingTrade #StockMarket #RiskRewardRatio #TradingStrategy #BreakoutTrading
NSE:BARBEQUELong
by hunterhunt777
HAPPSTMNDS - Falling Wedge Pattern Formation🔊 HAPPSTMNDS - Falling Wedge Pattern Formation HAPPSTMNDS - HAPPIEST MINDS TECHNO LTD ⌛Duration - Long Term (1 year to 2 years) 📊📈 Trade Logic - Falling Wedge Pattern Formation CMP - ₹ 813 Time Frame - Weekly 🎯Target 1 : ₹940 🎯Target 2 : ₹1050 🎯Target 3 : ₹1160 🎯Target 4 : ₹1260 🛑 Stop : ₹735 🏆 Risk/Reward Ratio (1: 7) * Stock hit ATH of ₹1580 on 12th July 2021 * After sharp fall from july 2021 to June 2022, stock goes into consolidation mode without any significant price change. * Stock recently bounced back from support line and this time there is high chance to break the resistance and start upward journey * Trade reason - IT sector in momentum,this stock is already beaten down and is at good support level. * FII and DII have increased their stake in June qtr vs March qtr. Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:HAPPSTMNDSLong
by Profit_Trader25
Godrej Industries Limited - Breakout Setup, Move is ON...#GODREJIND trading above Resistance of 986 Next Resistance is at 1452 Support is at 699 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GODREJINDLong
by MandeepSinghKohli
1
Sundaram Finance Holdings Ltd - Breakout Setup, Move is ON...#SUNDARMHLD trading above Resistance of 365 Next Resistance is at 460 Support is at 260 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SUNDARMHLDLong
by MandeepSinghKohli
Kothari Petrochemicals Limited - Breakout Setup, Move is ON...#KOTHARIPET trading above Resistance of 220 Next Resistance is at 283 Support is at 167 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KOTHARIPETLong
by MandeepSinghKohli
1
NDR Auto Components Ltd - Breakout Setup, Move is ON...#NDRAUTO trading above Resistance of 1476 Next Resistance is at 1938 Support is at 1094 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NDRAUTOLong
by MandeepSinghKohli
Ram Ratna Wires Ltd - Breakout Setup, Move is ON...#RAMRAT trading above Resistance of 594 Next Resistance is at 765 Support is at 389 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BSE:RAMRATLong
by MandeepSinghKohli
Oriental Hotels - Breakout Setup, Move is ON...#ORIENTHOT trading above Resistance of 156 Next Resistance is at 211 Support is at 102 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ORIENTHOTLong
by MandeepSinghKohli
Amazing breakout on Weekly TF - SUNDARMFINCheckout an amazing breakout happened in the stock in Weekly timeframe. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics PS: No new Nifty500 script can escape from me when making a breakout. :-) PS: This script is shared 1-2 days delayed. Sorry for the delayed charts. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. Example: 5000/- invested equally in all BO stocks where out of 15 stocks only 1-2 stocks goes beyond -50% SL, where rest of the stocks flies like an eagle. The secret recipe is "Patience with correct study" and "Large diversification" and "TIME"
NSE:SUNDARMFINLong
by Yoyohoneysingh93