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Iciciprudential

ICICI Prudential Life Insurance Company Limited (ICICIPRULI) Overview ICICI Prudential Life Insurance Company Limited (NSE: ICICIPRULI) is currently navigating through an ascending channel, as shown in the 3-hour chart. It’s like watching a circus performer carefully walk a tightrope – thrilling, but you never know which way it will go! Technical Pattern: Ascending Channel The price action of ICICIPRULI has been steadily climbing within the confines of an ascending channel. This pattern is characterized by higher highs and higher lows, creating a channel where the price is currently dancing near the upper boundary. Channel Resistance: The upper boundary, currently acting as resistance, is approximately near ₹770-₹775. Channel Support: The lower boundary, providing support, is hovering around ₹735-₹740. Current Price: ₹768.00 (as of the last candle close) Volume: 97.709K – indicating moderate trading activity, almost like the audience holding their breath as they watch the performer’s next move. Price Action Analysis ICICIPRULI’s price has recently tested the upper boundary of the ascending channel, but couldn’t muster the strength to break out. This is like trying to reach the top shelf without a stool – so close, yet so far! The price has pulled back slightly, hinting at a potential consolidation before the next big move. What to Watch For Breakout or Breakdown?: The key question is whether ICICIPRULI will break above the channel's resistance or succumb to the support line. A breakout could lead to a bullish run, while a breakdown might see the stock tumble towards lower levels. Volume Confirmation: Watch the volume closely. A breakout with strong volume could confirm the move. On the other hand, if the price breaks down with increased volume, it could signal a bearish shift. RSI and Other Indicators: Keep an eye on RSI and other momentum indicators to gauge the strength of the current trend. Possible Scenarios Bullish Scenario: If ICICIPRULI breaks above the channel resistance with significant volume, it could head towards the next resistance levels around ₹800-₹810. Bearish Scenario: If the stock fails to hold the channel support and breaks down, we could see a pullback towards ₹735 or even lower. Conclusion ICICI Prudential Life Insurance Company Limited is at a critical juncture, much like that tightrope walker deciding whether to step forward or retreat. While the ascending channel provides a structured path, the real question is – will the stock perform a grand finale with a breakout, or take a cautious step back? Stay tuned, and remember to enjoy the show while keeping an eye on those risk management strategies!
NSE:ICICIPRULI
by TRADING-NASA
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
Momentum Swing Idea| ICICI Prudential Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. Market Cap ₹ 83,099 Cr. Current Price ₹ 577 Stock P/E 91.1 ROCE 10.0 % ROE 8.45 % Debt to equity 0.11 Promoter holding 73.3 % Quick ratio 1.10 Current ratio 1.10 Piotroski score 5.00 Profit Var 3Yrs -8.65 % Sales growth 3Years 33.0 % Return on assets 0.33 % This in in momentum stock with brand recognition. This purely chart pattern analysis. Rsi above 55. keep in radar. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:ICICIPRULILong
by Momentuminvesting5540
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
Short Term Trade IDEA BUY ICICI PRU LIFEFinancials Insurance Largecap With a market cap of ₹64,922 cr, stock is ranked 77 Performance Avg Price return has been average, nothing exciting Valuation High Seems to be overvalued vs the market average Growth Low Lagging behind the market in financials growth Profitability High Showing good signs of profitability & efficiency Entry point The stock is overpriced but is not in the overbought zone Disclaimer : I am not a SEBI Registered Research Analyst so before your Investment Please Consult you Financial adviser.
NSE:ICICIPRULILong
by imran12020
1
ICICI PRULI Swing TradeICICI Prudential L is forming a double bottom on daily time-frame, you can go long once it breaks the resistance level (Neckline) i.e 566Rs with good volume. It has also taken a retest from 200EMA of 1D time-frame. Target : 600Rs ⚠️ Place Stop-loss logically // Ignore if the stock opens gap-up. // Trade with your own risk // Trail your stop-loss once it reaches 50% of the target// Suggestion : Wait for a daily candle(or 4hr) to close-in above the resistance level.
NSE:ICICIPRULILong
by Rehan_sharif