ICICIPRULI - Long SetupNSE:ICICIPRULI
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
ICICIPRULI
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.
YR 2022 Idea #98: Long on ICICIPRULIThis 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. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
ICICI PRUDENTIAL : BREAK OUT TRADE SETUPICICI 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
ICICIPRU LOOKING A GOOD BUY ABOVE 500The 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.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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
Inverse Head & Shoulder PatternThere 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.
ICICIPRULI - Retest Structure + Fibo Support - Swing TradeThe 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 markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Great long term investment in insurance sector fundamental analysis-
1. shareholding
73.42% promotor holdings ( unpledged )
17.17% FII investors
4.14% DII investors
almost 95% holdings is in strong hands.
2.performace
56.62% 1 year performance (better than peers)
net sales are better than peers.( Rs.2,755 )
financials are getting quite stronger.
*reason to invest in insurance sector-
Having a look at the current market scenario, we can find that LIC has taken over a major part in the overall Insurance Industry in India. However,
given the rate of growth in the other Non-life insurance sectors, it is estimated that they are sure to compete with
Life insurance companies in the years to come. New insurance companies rising up in the market will definitely experience a vibrant growth
and expansion both in the Life as well as General insurance sectors. The general insurance industry is expected to increase by 7-9% in terms of
gross direct premium income in FY22, backed by healthy growth from the health and motor segments.
technical analysis -
on daily frame it looks like bullish flag pattern.
short downtrend was recently broken and retested also with a great heavy volume.
time to accumulate the stock for long term.
this study is for education purpose only.