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ICICIPRULI

ICICI Prudential FuturesICICI Prudential Futures Buy idea LTP: 479.45 Support: 460.75 Resistance: 538.55 (539can be considered as a breakout level too) Daily charts (long term) The charts a bearish, head and shoulder pattern from 2nd Dec to 12th March. The pattern was followed by a breakdown to 433 levels after which there has been a recovery since 22nd March and finally the pattern was broken on 20th Apr. Another pattern that I see is a cup and handle pattern. This is a strong bullish pattern and this pattern was one of the reason that I am bullish in this script. MACD and RSI are showing a strong bullish trend as well. We can depend on the script with such strong daily charts as this means that it might not breakdown for sometime now. Hourly charts (medium to short term) Hourly charts did close with a confusing note but none of the indicators are in the bearish territory. Just slight sideways and neutral moves in the charts. 15m charts (intraday or short term) 50 DEMA is at 476.10 and the LTP is 478.25. The stock is trading too close to the next support level. RSI has broken the 50 mark and there is some heavy selling in MACD as well. This means that we can expect a little dip. Final overview: Can buy now and add more at around 470 - 476 levels. I am not sure if we will get a chance to buy at lower levels so I would suggest to begin accumulating the stock from this level and add at lower levels. ICICI Prudential Futures Buy idea LTP: 479.45 Support: 460.75 Resistance: 538.55 (539can be considered as a breakout level too) Daily charts (long term) The charts a bearish, head and shoulder pattern from 2nd Dec to 12th March. The pattern was followed by a breakdown to 433 levels after which there has been a recovery since 22nd March and finally the pattern was broken on 20th Apr. Another pattern that I see is a cup and handle pattern. This is a strong bullish pattern and this pattern was one of the reason that I am bullish in this script. MACD and RSI are showing a strong bullish trend as well. We can depend on the script with such strong daily charts as this means that it might not breakdown for sometime now. Hourly charts (medium to short term) Hourly charts did close with a confusing note but none of the indicators are in the bearish territory. Just slight sideways and netral moves in the charts. 15m charts (intraday or short term) 50 DEMA is at 476.10 and the LTP is 478.25. The stock is trading too close to the next support level. RSI has broken the 50 mark and there is some heavy selling in MACD as well. This means that we can expect a little dip. Final overview: Can buy now and add more at around 470 - 476 levels. I am not sure if we will get a chance to buy at lower levels so I would suggest to begin accumulating the stock from this level and add at lower levels.
NSE:ICICIPRULI1!Long
by virralthakkaar
ICICI PRULI Short opportunityTrading possibilities for Coming days. This stock has shown weakness consistently over the last few days and today also it closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week. Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up. Other important levels are as marked in the setup. You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels. Happy and safe Trading
NSE:ICICIPRULIShort
by rvmohankumar
ICICIPRULI - SWING TRADE - RETEST AFTER BREAKOUTNow is the best time to enter and keep sl below 480. The Target can be very high. Keep your stoploss trailed incase of reversals Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me to Learn and Earn with me. Happy Trading!!
NSE:ICICIPRULILong
by FAHEEMSAM