ICICI LOMBARD GEN Looks Bullish for Short Term on Daily Charts. BUY ICICI LOMBARD GEN @ Rs 1228 Targets Expected are Rs. 1310 - 1320 in the next 10 - 15 Trading day Stoploss placed below @ Rs. 1174
NSE:ICICIGI
icici 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...
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...
📈 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...
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.
ICICIGI Long (24 Nov)
RSI divergence
Buy above-1520
SL- 1430
Target- 1609, 1660
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Charts and views are only for educational purpose.
NSE: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...
ICICI Lombard should sustain the breakout this time. While deeper stop losses can be followed, for short term trades, I feel, one should stick with the stop loss of Rs.1540
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 !!!
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
Not a recommendation.
Buy ICICI Lombard
LTP 1454.75
Stop below 1425
Target 1500 / 1520+
RSI in the daily chart is crossing the 50 mark
MACD in the daily chart is crossing over into the bull zone
Volumes are good at 1.603M
20 DEMA is showing a reversal
A weekly reversal is taking place in the pair chart suggesting upside of 3.45/3.60/3.70, the view negates below 3.05
The bias is Lombard could outperform Prudential in short to medium term.
