Date: 5 Oct’24
Stock: Life Insurance Corp of India
Timeframe: Daily
LIC seems to be forming a complex diagonal in Wave V which could end at a minimum level of 1270+ (>30% from current price of 970) as seen in the chart. It could even go higher to around 1400 levels which will be confirmed only as the trend develops.
It seems to have completed Wave B on 4th Oct...
Stock at support cum flip zone
760-770 fine pullback area as per fibb
It may bounce from here
So can be traded with small Sl
Risk reward seems to be excellent
Any move below 760 will take the stock upto 740
upside 790-800 temporary resistance
ICICI Prudential has broken out of a cup and handle pattern on both the daily and weekly charts. It’s a good sign that the breakout occurred on both charts, making the pattern more valid. I’m keeping a close eye on ICICI Prudential, and if it crosses the 641 mark, I’m expecting it to climb to 681, with a longer term target of 724. I believe this is a solid,...
After forming a good corrective ABC pattern and forming a head and shoulder pattern ICICI Prudential are ready for long at current price.
I have mention the impulsive Elliot wave counts projection
Date : 13-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 597.30
Targets: (1) Rs. 640 --> (2) Rs. 680 --> (3) Rs. 724
SL : Rs. 545 on daily close basis
Technical View:
• NSE:ICICIPRULI is in its primary uptrend and is currently going through it's secondary uptrend.
• After re-testing the current secondary uptrend line on 29-Apr-2024, It has again...
Stock has made inverted Head and Shoulder pattern on a broader time range and a pole and flag pattern on smaller range after a recent run in Nifty 50.
Stock can move towards its ATH in near time range and can further move to higher levels.
Fundamental remains stronger compared to other stocks in the sector.
View remains bullish for upcoming months.
DISC: For...
ICICI PRUDENTIAL looks like forming Inverted Head & Shoulder.( I-H&S )
Currently right shoulder is forming. Looks like reversing, but not yet confirmed.
Just a technical pick as Fundamentals doesn't look good.
Need to cross Monthly Resitance to confirm I-H&S breakout. SL & Targets are given as T1, T2, T3.
On the weekly chart, there is a tilted neckline head and shoulders and a double bottom created on a recent past few weeks' candles. It is giving a bullish momentum to the stock that can make the stock march towards its all-time high. A perfect volatility contraction is seen from a longer time to higher time.
Stock P/E: 87.4
ROCE: 10%
Company has been maintaining a healthy dividend payout of 17.0%
Rs. 244 Cr Net Profit during last quarter.
Symmetrical Triangle Patterns are awaiting on Daily and Weekly time frame.
Entry: 554
Targets: 584, 615, 645, 676 ++
SL: 522 DCB
Remark: Short Term
Disclaimer: Strictly for educational and learning purpose.
A bullish flag & pole Chart Pattern Breakout will happen on the weekly Time frame of NSE:ICICIPRULI
Price Action nees to be supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a...
ICICI Pru Life is forming a cup and handle pattern and we may see bigger targets if we get to see a breakout above 620.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ICICI PRUDENTIAL - Analysis 11-7-203 Buy Over 625 for upto 675 Next upto 720
Exit (Stop Loss/) before Target if
On 9-RSI ema 21 cross over 3ema; (Weekly Timeline for Shortterm & Monthly for Long Term)
OR
on prv weekly lower break.
ICICI PRU - Analysis 11-7-203 Sell Below 550 for upto 450 / Buy Over 625 for upto 675 Next upto 720
Exit (Stop Loss/) before Target if
On 9-RSI ema 21 cross over 3ema; (Weekly Timeline for Shortterm & Monthly for Long Term)
OR
on prv weekly lower break.
A technical bearish view message is a notification that is sent to investors when technical indicators suggest that a market or asset is likely to decline in price. These indicators can include moving averages, momentum oscillators, and chart patterns.
ICICIPru trading near important zone and it has taken rejection from this zone multiple times. Let's see if it faces resistance again and come back to 440 zone or sustain above 520 and travel towards 595 zone.
Big move expected, keep this in watch list.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
