Iciciprudential
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.
ICICIPRU | LOOKING FOR A BOUNCE ABOVE 522ICICIPru is taking support and may show a bounce if sustains above 522 for upper marked targets on the chart. As it's a counter trade, let stock sustain above 522.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ICICI Prudential - Moving in long term channel Chart is self explanatory. Entry, Targets and Stop Loss (Red line) are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ICICIPRU buying ideaFalling wedge pattern breakout and retest on hourly timeframe.
Currently the stock is consolidating. Big move can come anytime.
Target can be taken as red line on the chart.
Blue line is acting as a good support.
Disclaimer: This is an educational chart and no recommendation. Pls invest as per your risk-reward and analysis.
#iciciprudential trending at all time high with volume&momentum#iciciprudential trending with channel at all time high with volume and momentum
weekly has a momentum bullish reverse divergence playing out.
adx trend indicators are also seen rising in strength in all timeframes in bull zones
look like most other stocks in insurance sector also rallying.