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Icicipruanalysis

ICICI Prudential Life Insurance Company Ltd - Positional TradeDate : 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 started the upward journey. • NSE:ICICIPRULI has also closed above 20 DMA, 50 DMA and 21 DEMA on 10-May-2024. • RSI crossed over 50 on 10-May-2024 and is trading at 56.10 • MACD crossed over signal line on 13-May-2024 and is trading at -0.56 which is about to cross over the 0. • Looking good to continue the upward journey. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:ICICIPRULILong
by vicky252
Potential Breakout Alert: ICICIPRULI Shows Channel BreakICICI Prudential Life Insurance Company Limited (ICICIPRULI) has recently exhibited promising technical signals, indicating a potential breakout from its current trading channel. With its price surpassing the critical resistance level at 545, ICICIPRULI seems poised for a significant upward movement, targeting levels between 600 and 650. Let's delve deeper into the technical analysis to understand the potential trajectory of this breakout. Technical Analysis: Channel Breakout: ICICIPRULI has broken out from a well-defined trading channel, marked by a decisive move above the resistance level at 545. This breakout suggests a shift in market sentiment towards bullishness, indicating potential buying pressure. Volume Confirmation: The breakout is accompanied by an increase in trading volume, providing further validation to the bullish momentum. High trading volume during a breakout typically signifies strong investor interest and conviction in the upward movement. Moving Averages: The moving averages, such as the 50-day and 200-day moving averages, are indicating a bullish crossover, with the shorter-term average moving above the longer-term average. This crossover further reinforces the bullish sentiment and strengthens the case for a continued upward movement. Relative Strength Index (RSI): The RSI indicator is currently showing ICICIPRULI in the overbought territory, indicating strong upward momentum. While an overbought condition suggests a potential pullback, it could also signify sustained buying interest pushing the price higher. Price Targets: Based on the breakout confirmation and technical indicators, ICICIPRULI has the potential to reach price targets ranging between 600 and 650 in the near to medium term. Traders and investors may consider this range as potential profit-taking levels or areas to reassess their positions. Risk Factors: Market Volatility: Despite the bullish signals, market volatility can always pose a risk to the anticipated price movement. Traders should be prepared for sudden fluctuations and implement risk management strategies accordingly. Economic Factors: Macroeconomic indicators, regulatory changes, or industry-specific news can influence the stock's price trajectory. It's essential to stay updated on relevant developments that may impact ICICIPRULI's performance. Conclusion: ICICIPRULI's breakout above 545 signals a compelling opportunity for traders and investors. With technical indicators supporting further upside potential, the stock appears well-positioned to reach levels between 600 and 650. However, prudent risk management practices should be employed to navigate potential market uncertainties. As always, it's advisable to conduct thorough research and consult with financial professionals before making any investment decisions. Keep a close watch on ICICIPRULI's price action for confirmation of the anticipated upward movement. Happy trading!
NSE:ICICIPRULILong
by CyborgTradingHub
ICICI Prudential : Swing Trade / Short term (1-3 Months)#ICICIPRULI #insurancestocks #swingtrade #patternbreakout #Flagbreakout #Symmetricaltriangle 📌 ICICI Prudential : Swing Trade / Short term >> Flag Structure + Symmetrical Triangle pattern >> Overall Bullish stock >> Good Strength & Decent Volumes >> Low Risk High Reward Trade Swing Traders can lock 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:ICICIPRULI
by moneyfesttrading
ICICI Prudential Limited Swing & Positional OpportunityNSE:ICICIPRULI 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, This Pattern has Been Made on Bigger Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 453.35 SL :- 418.50 (Closing Basis) Target 1:- 483 Target 2:- 508 Target 3:- 535 and more Trailing basis Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:ICICIPRULILong
by linesandlevels