Support @ Lower Line Of Smaller Channel.
Lower Bolinger Band Support.
Looks Good For December Series.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
This stock has displayed signs of outperformance versus the Nifty50 index recently. The stock has been consolidating in a trading range recently, near the key resistance at 450-460 zone. Am watching this stock with interest and would not be averse to taking long positions if i get a buy signal in intra-day charts. I will add to long positions on a breakout in...
Off-late I started investigating more on predicting the next candle for the day and seeing enough success by using the patterns of various indicators. Pine scripting in tradingview has helped a lot to automate everything and create necessary signals. Based on the engine's call, tomorrow (23-Mar-2018) will be a super "RED" for ICICIPRULI - NSE:ICICIPRULI
Sell...
ICICI PRULIFE
CMP 430.
Weekly chart
Target 500 plus
Stop 380
Stock has cleared past 30 week ema with good volumes.
Stock also has cleared past downward sloping resistance line.
Stock is in the early stages of formation of cup pattern.
Classical Flag pattern gave breakout on 15.01.18 so the pull back could be used to enter the trade. Action/Reaction set is also pointing the same target as Flag.
Entry 410 - 411, Stop Loss 404 Target 432.50. Risk to reward ratio 3.14. FO market lot 1300
i feel that the stock can be good to hold for a short time span as the indicators are bullish and overall trend looks enough positive
by keeping a trailing stop loss would like to go long on this stock !!!!!!!
for atleast upto next 2 months!
