DAILY TECHNICAL ANALYSIS________________________________________
ICICI LOMBARD (ICICIGI) — DAILY TECHNICAL ANALYSIS
📅 Date: June 7, 2025
________________________________________
🔹 Price Action Summary:
• Closed @ 2006.2, up 6.85% from previous close
• Closed near day’s high (2013.4) — indicating strong buyer interest
• Bullish sentiment supported by volume and momentum
________________________________________
🔹 Chart Pattern:
• Ascending Triangle Breakout — bullish strength accelerating
________________________________________
🔹 Why Watch This? – Technical Indicators:
The stock is showing strong confluence of bullish technical signals:
✅ Bullish Momentum
✅ Bullish Marubozu
✅ Volume Breakout
✅ Strong Bullish Candle
✅ Buy Today, Sell Tomorrow Setup
✅ Next Day Intraday Signal
✅ RSI Breakout
✅ MACD Crossover
✅ Bollinger Band Breakout
✅ TTM Squeeze – Compression Phase (Potential Expansion)
________________________________________
🔹 Support & Resistance Levels:
• Resistance:
- R1: 2056
- R2: 2106
- R3: 2198
• Support:
- S1: 1914
- S2: 1821
- S3: 1771
________________________________________
🔹 STWP TRADE ALERT:
• Long Entry Idea: 2013.4
• Stop Loss (DCB): 1869
• Swing Stop Loss: 1845
• Reward Ratios: 1:1 | 1:2 | 🔼 Trail if momentum sustains
________________________________________
🔹 Watchlist Grade:
🔥🔥🔥 (High Priority Setup)
________________________________________
🔹 Strategy Note:
• Breakout supported by volume + trend momentum = ideal setup
• Suitable for BTST & short-term swing trades
• Watch for follow-through above 2013.4
• Retest around 1995–2000 can offer a low-risk re-entry
________________________________________
⚠️ Risk Management Tip:
• Never chase a breakout blindly
• Always define your entry, stop loss, and target
• As price enters overbought zones, risk discipline becomes crucial
• Focus on capital protection, especially in momentum setups
________________________________________
📢 Disclaimer
This content is for educational and informational purposes only.
It is not investment advice, stock tips, or a recommendation to buy/sell.
Stock market trading involves risk.
Always consult a SEBI-registered advisor before taking any trades.
The author is not SEBI-registered and cannot be held responsible for any losses.
Practice sound risk management and do your own research.
________________________________________
👇 What’s Your View? – Drop your view or chart in the comments:
• Are you tracking ICICIGI?
• Will this breakout hold above 2013.4 or face resistance ahead?
• What’s your trade plan for the coming week?
💡 Always open to learning from fellow traders!
________________________________________
🧠 Trade with Patience. Trade with Confidence.
🔔 For more such insights, follow @simpletradewithpatience
________________________________________
