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Longposition

ICICI Prudential Life Insurance Company Limited (ICICIPRULI) Overview ICICI Prudential Life Insurance Company Limited (NSE: ICICIPRULI) is currently navigating through an ascending channel, as shown in the 3-hour chart. It’s like watching a circus performer carefully walk a tightrope – thrilling, but you never know which way it will go! Technical Pattern: Ascending Channel The price action of ICICIPRULI has been steadily climbing within the confines of an ascending channel. This pattern is characterized by higher highs and higher lows, creating a channel where the price is currently dancing near the upper boundary. Channel Resistance: The upper boundary, currently acting as resistance, is approximately near ₹770-₹775. Channel Support: The lower boundary, providing support, is hovering around ₹735-₹740. Current Price: ₹768.00 (as of the last candle close) Volume: 97.709K – indicating moderate trading activity, almost like the audience holding their breath as they watch the performer’s next move. Price Action Analysis ICICIPRULI’s price has recently tested the upper boundary of the ascending channel, but couldn’t muster the strength to break out. This is like trying to reach the top shelf without a stool – so close, yet so far! The price has pulled back slightly, hinting at a potential consolidation before the next big move. What to Watch For Breakout or Breakdown?: The key question is whether ICICIPRULI will break above the channel's resistance or succumb to the support line. A breakout could lead to a bullish run, while a breakdown might see the stock tumble towards lower levels. Volume Confirmation: Watch the volume closely. A breakout with strong volume could confirm the move. On the other hand, if the price breaks down with increased volume, it could signal a bearish shift. RSI and Other Indicators: Keep an eye on RSI and other momentum indicators to gauge the strength of the current trend. Possible Scenarios Bullish Scenario: If ICICIPRULI breaks above the channel resistance with significant volume, it could head towards the next resistance levels around ₹800-₹810. Bearish Scenario: If the stock fails to hold the channel support and breaks down, we could see a pullback towards ₹735 or even lower. Conclusion ICICI Prudential Life Insurance Company Limited is at a critical juncture, much like that tightrope walker deciding whether to step forward or retreat. While the ascending channel provides a structured path, the real question is – will the stock perform a grand finale with a breakout, or take a cautious step back? Stay tuned, and remember to enjoy the show while keeping an eye on those risk management strategies!
NSE:ICICIPRULI
by TRADING-NASA
Medi Assist Healthcare Services Limited - Strong Buy Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. Quarterly Revenue Medi Assist Healthcare Services Ltd. Jun-2024 Quarterly Revenue is Rs 36 Cr which is growth of 53.9% YoY. Quarterly Net Profit Medi Assist Healthcare Services Ltd. Jun-2024 Quarterly Net Profit is Rs 9 Cr which is growth of 118.9% YoY. STRONG BUY Target around 710 RSI is 63.6 MFI is 80.3, MFI above 80 is considered strongly overbought. This implies that stock may show pullback. MACD is above its center and signal Line, this is a bullish indicator. Medi Assist Healthcare Services Ltd. is trading above 7 out of 8 EMAs. "Disclaimer: This content is for educational purposes only and does not constitute investment advice. Any investment decisions you make are at your own risk."
NSE:MEDIASSISTLong
by AvayaFintech
LODHA Trade Analysis for Buy using Wyckoff methodWyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias. Volume Analysis We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Sign of Strength we have Major sign of strength in phase D with good demand volume indicating institutions are present in buying. The Backing Up Action (BAU) has less supply indicating sellers are absent. Final View Bullish on stock
NSE:LODHALong
by ksujit08
Good Breakout TodayHi All… Greetings! Today I’m sharing with you Bank of Baroda Daily Chart. Today we had a good break out in the stock. The stock has been sideways from a long time. I think it would a good time to invest in the stock. Hoping for the stock to breakout 275 levels this time. In the coming time I think it should give good returns. Thanking You Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. I'm not a SEBI registered technical analyst.
NSE:BANKBARODALong
by NikhilChoudhary2023