ICICIGI
Buy-Above 1285
Sl-1200
T-1400 1470 1500+
The stock has been in a declining phase since SEP 2021. A short term base has been formed near 1200. Short term traders can take advantage of 8-10% move. It has made double bottom, neckline is 1285. Consider a long position above this. Sl will be the last swing low near 1200.
NSE:ICICIGI
as ICICIGI is in down tread from some time it could continue if its break 1275 level and start trading below it .
Disclaimer: Any information shared would be only for educational purpose...
I am not a sebi registered analyst. This channel is for only educational purpose. Any profit/loss, i am not responsible. Before taking any trade please consult...
icici gi showing good reversal from demand zone looks good setup for bull equity buying can be done for 90 days for tgt new all time high SL Swing low.
ICICI Lombard General Insurance (ICICIGI) has taken support on the trend line and swung up.
Fantastic Opportunity to go long
CMP: 1528
T1: 1610
T2: 1650
DISCLAIMER:-
I AM NOT SEBI REGISTERED.
Educational purpose only.
This is not recommendation of buying or selling.
All calls and post are for educational purpose and self examination.
Why to enter at current price ?
Support of 200 EMA and 0.786 Fib and trendline
Q2 results were good
Why not to take the trade ?
Sell volume is high and doesnt seem to lower even if Q2 results are good
Enter - CMP
Target - 1700
Stop loss - 50 points below trend line
The stock has been moving in a parallel channel for quite a few months and has just touch the lower resistance line and has shown a minor bounce from that.
If the historical trend is continued, we can see levels of 1600 and 1695.
You can keep a stop loss at 1460 levels.
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If you have any queries/suggestions...
ICICIGI is trading in a bearish channel close to make or break level. The stock is just around its 100 day EMA and this might be a level which it may bounce back from.
On closing basis it has ended below 100 day EMA so if a bearish candle is given as confirmation in next trading session we may expect a further downside with sectoral consolidation going on in...
NSE:ICICIGI
Observations:
1) On 1hr time frame it looks like a bullish pennant pattern.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
I found very good trade. The stock name is ICICIGI and this stock makes an ascending triangle pattern on a daily timeframe. And also gave a breakout with the high volume. Voila! That's why I selected this stock for the swing trade. Don't miss this opportunity. Let's hope for the best.
Triangular Pattern Breakout in ICICIGI
Has formed a rounding bottom consolidation and gave a breakout above 1500-1505.
Recent MACD crossover confirmed by Aug 18 candle closing at 1485.
Also supported by crossover in Stochastic RSI.
Can buy on retest around considering a byy zone of 1495-1515.
Expect a target of 1595-1600 .
In ICICIGI, Bullish MACD crossover on daily timeframe indicating reversal sign in this stock. Also, This trading near support level of ascending triangle pattern and 200 EMA. Expected this will give upside rally upto 1600+ level in upcoming few trading session.
Possible Trade:
Buy ICICIGI @1470-1480
Stop loss - 1400
Target - 1600+
