Long ICICIPRULI above 450 TGT 490 SL 426. Bullish candle with closing price above the resistance level is the indicator of strength. entry can be taken only after the BO of Resistance level. This is for your educational purpose only.
We shared the idea to sell this stock a few days back and it has met all our targets. It's time to play a bounce and once can go long from 420-400 levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trading 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...
It made a big red candle on Friday with good volume. may consolidate and fall further
the rsi is yet to get into the oversold zone
the blue lines may act as a supply area.
SL 478
Entry zone - 469-474
Target - 428
Above are spot price- If trading futures do keep a check on spot prices, if trading options keep a watch on premium decay as in second half of...
Stock is at make or break level.
Stock has been rejected at Resistance zone thrice since 2019. Now stock is trying to bounce from support zone 4th time in last 4 months. If bounces from support then target 500 however if breaks the support zone then very good candidate for shorting. Intraday - Short below 457, Swing - short below 455 for targets of 438, 398
The stock has formed a bearish engulfing candle on a daily time-frame. If it breaks the previous low, it may go to 450 odd levels, or if low doesn't break we would again see 500 nearby levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
The stock is near the support again, we may see the bounce or if the trend line breaks stock may move to targets marked.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ICICIPRULI is coming to touch it's major support i.e. 10 EMA + 78.6% Retracement Support near 468-470. If sustains above this level then we can see a good upmove till 485
ICICI Prudential forming Elliot wave on daily time frame and looking bearish. Target & SL is mentioned for paper trading, will appreciate your comments to improvise my drawing & price analysis.
Now 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...
ICICIPRULI Spot chart is forming CUP WITH HANDLE pattern. Break out with closing above neckline may give the marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 439 (DCB).
