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ICICI Prudential Life Insurance - STOCK Analysis ICICI Prudential Life Insurance - STOCK Analysis This chart of ICICI Prudential Life Insurance (NSE) shows a strong bullish recovery: Key Observations: Current Price: The stock is trading at ₹767.60, down by ₹1.75 (-0.23%) for the day. Rectangle Pattern: The chart displays a double bottom pattern, similar to the previous chart of HDFC Life, where the price declined significantly twice and then bounced back. The highlighted box shows the price drop of ₹327.65 (-45.51%) and the subsequent recovery. Price Projection: The projected price move is indicated by the blue arrow, suggesting a 44.48% upside from the current levels, with a target price of around ₹1,100. Volume (CVD - Cumulative Volume Delta): The CVD shows 92.16K, indicating strong buying momentum, which reinforces the bullish trend. Fundamental Analysis of ICICI Prudential Life Insurance: Strong Market Position: ICICI Prudential Life is one of the largest life insurance companies in India, holding a significant market share with a wide customer base. It has a robust distribution network through ICICI Bank branches and other channels. Profitability: Net Premium Growth: The company has been recording steady growth in its premium collection, showing resilience despite market volatility. Solvency Ratio: As an insurance company, ICICI Pru Life maintains a strong solvency ratio, which is essential for long-term growth and policyholder trust. Investment Portfolio: Insurance companies heavily invest in various financial instruments, and ICICI Pru has a balanced and diversified portfolio in equity and debt markets. This helps in managing the risks associated with market fluctuations and improving returns. Competitive Edge: Technological Adoption: ICICI Pru has been leveraging technology to improve customer experience, with innovations in policy issuance, claims processing, and online platforms. Risks: Interest Rate Sensitivity: Like all insurers, ICICI Pru’s performance is linked to interest rates. Rising rates could affect investment portfolios and policyholder returns. Regulatory Changes: Changes in insurance regulations could impact the company’s operations and profitability. Overall Analysis: The technical chart suggests a strong bullish trend, with a potential upside of 44.48% if the projected pattern completes. Fundamentally, ICICI Prudential Life is in a solid position with stable financials, market leadership, and technology-driven growth. Long-term investors may consider this stock given its strong fundamentals and technical signals. However, investors should monitor macroeconomic factors like interest rates and insurance regulations.
Editors' picks
NSE:ICICIPRULILong
by shivtoshiva2022
3
WiproDate 03.09.2024 Wipro Timeframe : day chart Remarks : Strong/Breakout 1 If breaks out from cup & handle neckline + 50% of fibonacci + resistance band of developing symmetrical triangle, that's a good breakout. Target could be 61% of fibonacci Weak/Breakdown 1 If breaks down from 38% of fibonacci + goes below handle + moves below support band of developing symmetrical triangle, that's a weak set-up. Target could be 23% of fibonnaci. *For swing support can take input of 20,60 & 200 ema combination. See if any divergence or convergence. Regards, Ankur
Editors' picks
NSE:WIPRO
by AnkurSingh
2
Trendline Breakout in years ⭕ Swing Trading opportunity ! Weekly Chart Alert !!!⭕ ====================================================== Technical Reasons to trade or Strategy applied :- Bajaj Finserv Ltd Good Breakout of Trendline in years 100 EMA is also supporting Strong Price Action Breakouts:- Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher. Support Zone :-A zone of support provides high probability areas where a reversal or continuation of the trend may occur. #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
Editors' picks
NSE:BAJAJFINSV
by ReviveTraders
7
BREAKOUT TRADEUTIAMC on verge of a nice breakout trading at all time high. If weekly candle closes strongly one can enter for a good swing trade placing stoploss at weekly candle low. Also in daily timeframe price is moving continuously higher with higher high and higher low. Keep Learning, Keep Trading. ⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
Editors' picks
NSE:UTIAMCLong
by thechartedtrader
4
ARIHANTCAP - Inverted Cup and Handle -Wkly-Breakout - LongARIHANTCAP - Inverted Cup and Handle -Wkly-Breakout - Long It has two pattern -Symmetrical triangle and Inv CnH. Name - ARIHANTCAP Pattern - Inverted head and Shoulder Timeframe - Wkly Status - Breakout with good volume Cmp - 99.7 Target - 138.3 SL - 75.5/85 Pattern : Inv Head and shoulder The Inverted Head and Shoulders pattern is a bullish reversal pattern Fundamentals Here are some key fundamentals of Arihant Capital Markets Limited (ARIHANTCAP): Market Capitalization: ₹787.09 crore. Share Price: Around ₹76 as of the latest trading session. Price to Earnings (P/E) Ratio: 12.40. Revenue: ₹200.72 crore for the trailing twelve months. Net Profit: ₹47.82 crore for the same period. Dividend Yield: 0.75%. Return on Equity (ROE): 18.12%. These metrics indicate a solid financial performance with a focus on profitability and growth.
Editors' picks
NSE:ARIHANTCAPLong
by VCharts_TA
4
Digital Technologies Co. Stock given Breakout with huge VolumeHello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a stock which has given a breakout of symmetrical triangle pattern with huge volume spike , generally whenver you see huge volume on the same day of breakout you can consider that as a healty breakout of that perticular company. Stock name Datamatics global services Ltd, and it is a Digital Technologies, Digital Operations, and Digital Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage. Datamatics enables enterprises to combine various relevant Digital Technologies to improve productivity and customer experience to build sustainable competitive advantage. Technically stock has given breakout of symmetrical triangle pattern and stock is sustaining above to breakout levels and currently it is above to 200-DEMA , which is a good sign of bullish reversal. MACD also suggesting a bullish crossover. Note:- I have not placed MACD & 200-DEMA on chart to make chart crytal clear. Fundamentally stock is really awesome, companies management is very good, they understand the business very well, as there is too much competitions in their business but still they are surviving like a leader in sector. It is really a good bet for long term as welll as short term . if you are planning to invest for long term, then i will suggest you to go and start SIP in this. For short term to medium term targets and stop loss, i already have mention on chart above. Please follow stricly. Market Cap ₹ 4,088 Cr. Current Price ₹ 693 High / Low ₹ 792 / 450 Stock P/E 21.7 Book Value ₹ 208 Dividend Yield 0.72 % ROCE 21.2 % ROE 16.6 % Face Value ₹ 5.00 Industry PE 40.7 Debt ₹ 17.4 Cr. EPS ₹ 31.6 Promoter holding 66.4 % Intrinsic Value ₹ 382 Pledged percentage 0.00 % EVEBITDA 14.3 Change in Prom Hold 0.00 % Profit Var 5Yrs 20.8 % Sales growth 5Years 6.46 % Return over 5years 57.3 % Debt to equity 0.01 Net profit ₹ 186 Cr. ROE 5Yr 15.6 % Profit growth -4.54 % Earnings yield 6.08 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
Editors' picks
NSE:DATAMATICSLong
by TraderRahulPal
17
BAJAJFINSV - Symmetrical Triangle Breakout🔊 BAJAJFINSV- Symmetrical Triangle Breakout BAJAJFINSV- BAJAJ FINSERV LTD. ⌛Duration - Short Term (4 month to 8 month) 📊📈 Trade Logic - Symmetrical Triangle Breakout CMP - 1783 Time Frame - Weekly 🎯Target 1 : 1950 🎯Target 2 : 2200 🎯Target 3 : 2475 🎯Target 4 : 2750 🛑 Stop : 1500 🏆 Risk/Reward Ratio (1: 3.3) 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.
Editors' picks
NSE:BAJAJFINSVLong
by Profit_Trader25
3
CHALET HOTELS Breakout Potential from Symmetrical Triangle ✅ The stock is trading within a symmetrical triangle pattern, with the price approaching the upper trendline near 850. A breakout above this level could signal a continuation of the bullish trend. ✅ The RSI is trending upwards and is around 59, indicating increasing bullish momentum. The stock has been respecting both the upper and lower boundaries of the triangle, setting up for a possible breakout. ✅ If the stock successfully breaks above the upper trendline, it could target higher levels, with 900 as a potential next resistance level. Traders should watch for a confirmed close above the trendline to validate the breakout.
Editors' picks
NSE:CHALETLong
by Marketik
3
MPHASIS - Symmetrical Triangle MPHASIS Name - MPHASIS Pattern - Symmetrical triangle Status - Breakout Cmp - 3104 Target - 5209 SL - 2670 Fundamentals : Good Here are some key financial ratios for Mphasis Limited: Price-to-Earnings (PE) Ratio: 28.71 Price-to-Sales (P/S) Ratio: 3.862 Debt-to-Equity Ratio: 0.093 Return on Equity (ROE): 15.2%3 Net Profit Margin: 11.6%3 Enterprise Value to EBITDA: 21.022 These ratios indicate Mphasis’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage. Pattern A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features: Structure Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12. Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility1. Interpretation Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction12. Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12. Trading Strategy Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume. Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point1. Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
Editors' picks
NSE:MPHASISLong
by VCharts_TA
1
Analysis Infosys 📊 Script: INFOSYS LTD 📊 Sector: IT 📊 Industry: IT - Large Key highlights: 💡⚡ 📈 NIFTY IT and Infosys charts seem to move in the same direction even so that the chart patters are same for weekly time frames. NIFTY IT (42913) and Infosys(1953) both touched all time high on Friday 30-08-2024. 📈 As per weekly charts of Infosys the stock touched the all time high of 1953 in Jan 2022 and since then this have been a major resistance to breakthrough. Also, if we analyse the 15 min time frame the stock again tested this resistance level on Aug 28th. Considering this we can say that this the psychological resistance for the stock to break. 📈RSI for the weekly and 15mins time frame is in overbought zone and stock is trading above 50 EMA and 200 EMA. 50 EMA being the key support level in 15 min time frame. MACD is also at zero line for 15 mins. Stock has made green candles with each candle closing above the open of the previous candle and with good volumes. 📈 Considering the above analysis we need to wait for next candle and move in NIFTY IT on Monday. If the market moves up then we can expect INFY to cross 2000 levels. IF the stock falls then the key support levels will be 1930 and 1910 levels. ⏱️ C.M.P 📑💰- entry at 1950 🟢 Target 🎯🏆 - 2100 ⚠️ Stoploss ☠️🚫 - 1875 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
Editors' picks
NSE:INFY
by Casahilsharma93
4
A contender to do 10x-15x from CMP in next 2-3 Years.Technical Analysis : Notes on Chart, Price is in Uptrend for the First time since its inception in 2008, 15 years ago. Fundamental Analysis : I would say Average or below average FA for an investment. As Cash Flow does not look, Company got positive results only from last 2 years. P/E ratio is high around 140 but in small caps usually it is the case. But the Solvency Ratio looks good and so Assets are good for long and short term both copared to Liabilities. Next Results are in November and would be a good time to re-evaluate the position. Just from the view of Fundamentals, Its not a screaming buy or more opportunities can be looked, But from the prespective of Technical Analysis a small risk is worth in it. TA wise the Signal is "BUY" Considering the Position may see drawdown of 50-60% also, Be wise to manage Risk Management for this Investment. #DYOR for more. 👍 #Positional / #Long_Term
Editors' picks
NSE:SEPCLong
by holdwithPriyank
6
BankNifty - Is this An Ending Diagonal at Tops 51404WaveTalks ...Market Whispers! ...Can You Hear Them? Disclaimer: This commentary is not a solicitation to buy or sell. Please consult your financial advisor As discussed this morning......catching the wave 4 bottoms & watching 5 unfolding in back to back ups & downs with a minor halt at 51251 have we unfolded an ending diagonal at the tops of 51404 Wave 4 Bottoms this morning close to 51000 as discussed Wave 5 - Is this an ending diagonal unfolded at the current high of 51404 Last Idea Published - Tower Bottom Unveiled We started this wave sequence close to 49651 discussed in the last idea - Tower Bottom Pattern Regards, WaveTalks
Editors' picks
NSE:BANKNIFTYShort
by WaveTalks
11
Dixon & Bajaj-Auto Showing High Rise in Future OIDIXON Following a significant upward trend, the stock price experienced a correction and later established a Double Bottom pattern. Recently, a breakout occurred, backed by strong volume, suggesting that the price is set for further gains. Additionally, a notable increase in future open interest—nearly 11%—has been recorded. This rise in both stock price and future open interest signals that big investors are optimistic about this stock. As long as the price remains above the 12,900 level, the overall sentiment is likely to stay positive. BAJAJ-AUTO During the upward movement, the price experienced a brief consolidation phase, resulted in the formation of a Rounding Bottom pattern. Recently, a breakout occurred, supported by significant volume, suggested that the stock price is poised to maintain its upward trajectory. Moreover, there has been a remarkable surge in future open interest, climbed nearly 19%. This increase in both the stock price and future open interest indicates that big investors are bullish about this stock. As long as the price remains above the 10,000 level, the overall sentiment is likely to stay positive.
Editors' picks
NSE:BAJAJ_AUTOLong
by GoodluckCapital
1
Arrow Greentech Ltd (ARROWGREEN): Bullish Breakout from Cup and Arrow Greentech Ltd has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment. Key Observations Cup and Handle Formation: A potential "Cup and Handle" pattern is observed, which can often signal a bullish continuation after a period of consolidation. Breakout: The stock has recently broken above the handle of the cup, indicating a bullish breakout. Volume: The volume has increased during the breakout, supporting the bullish momentum. Positive Indicators: The Relative Strength Index (RSI) is currently above 50, suggesting a bullish bias.
Editors' picks
NSE:ARROWGREENLong
by supertraders_india
3