ICICIPRULIFE has given a range breakout with a great volume, which shows the strength.
In near term, the below targets may be hit.
Target 1 - 620
Target 2 - 675
Stop Loss: 535
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This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
ICICI Prudential
1. Trading above all key DMAs 21/50/64/100/200/233 (Both on Daily and Weekly TFs)
2. Approaching potential B/O level
3. Any close above 570 will trigger upside to minimum 10-20% in a short term.
4. Entry above 568 Stop Loss Below 542 (Closing basis) TGT - As depicted with Blue Flags on the chart
ICICI 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...
The stock has formed a bullish candle and is near previous support. Buy if sustains above 500 for the upper marked targets on the chart until 480 is intact on the downside.
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InvestPro India Team
ICICI PRUDENTIAL Cup and Handle Pattern Breakout, on days candle close above 570 will be bullish momentum.
ENTRY ABOVE >> 570
TARGET 1 >> 649
TARGET 2 >> 693
STOP LOSS >> 483
Buy ICICIPru if sustains above 552 for the upper marked targets on the chart.
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Happy Trading!
InvestPro India Team
NSE: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...
ICICIPru 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.
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InvestPro India Team
ICICIPrulife looks weak below 532 for the lower marked targets on the chart.
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Happy Trading!
InvestPro India Team
ICICIpru is near to very crucial price level. Neckline of H&S pattern is placed at 539 while 533 is strong support . Any close below this level may drag it further with strong momentum. Rest is detailed at chart. let us wait
disclaimer : this is for education purpose only
There is a possibility of ICICIPRULI gapping up and falling on results. Positionally it is creating an Inverse Head & Shoulder Pattern on the daily chart, expect a break out around the budget.
Could create candles like 19-20 Oct in short term .
See other studies done in the past, this could be 4/4. Leave a like if you find it interesting.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
