Icicilombard
A great opportunityicici lombard moving in a channel supported with lower highs & lower lows
it can be great selling opportunity
1) momentum decreasing in macd
2) macd ready for C/O
3) M pattern formation
4) trading below resistance or taken resistance and now going down
5)increasing selling volume
6) incoming dividend can also lead to price decay
************** ENTER AFTER CROSSING NICKLINE & MACD CROSSOVER********** NSE:ICICIGI
ICICI GI Just do it !!!!NSE: COLPAL
If Breaks then target could be taken at 1159 as a good Target
Time Frame :- 1 Hour
Patterns Name :- Double Top
Conclusion :-
A Double Top which is completed now shows some forecasts that could be down and could followed by the market as shown in the Figure
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Based on Your Own Risk this is only to Show you the Current Pattern
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Made By MAYANKTECHRESEARCHING
Comment Below If You want to ask me questions on this on any other idea
ICICI Lombard Chart Analysis !!📈 ICICI Lombard 📉
My Findings :-
1. Breakout from a DownTrending TrendLine.
2. Close Above March 2022 High.
Bias - Long
Target - 1450, 1536 and 1638
SL - 1270
RR- 1:3
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
ICICIGI - Swing TradeICICIGI
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.
ICICI Lombard Long opportunityNSE:ICICIGI
Stock -> ICICI Lombard
TimeFrame -> Daily
Hello All!
ICICI Lombard has been moving in a channel. It has been taking regular supports from its lower channel trendline since July 2018. It's now back at its lower channel trendline and this generates an opportunity to go long.
There are multiple reasons to support going long on this:
1) Support from the strong 200 daily EMA
2) Support from 50 weekly EMA
3) Breaking of the Resistance trendline
4)Stock has shown signs of reversal from a strong support zone
Thus there is a strong confluence and the Reward to Risk ratio seems favorable as well!
The only problem is the index behaving erratically. So it's advisable to enter with a lesser quantity than usual and keep on adding further if the stock moves as per the analysis.
*NOT A CALL*
Will you buy icici lombard ?ICICI Lombard GIC is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of Rs135.92 billion for the year ended March 31, 2020. The company issued over 26.2 million policies and settled over 1.86 million claims as on March 31, 2020.(Source : Company Website)
Check to the chart for more information !!!