ICICIGI trade ideas
ICICIGI LONG IDEA [VSA + VOLUME PROFILE]- Stock Price Back in Consolidation Zone
- Strong Background
RSI Divergence A very good predictor for exhaustion of trend..
This is only for record...
When in strong trend keeping eye on RSI helps.
If RSI don't make new tops/bottoms there is high
probability of trend reversal.
There can be one more attempt by price to move in direction
of trend before reversing so this only needs to be used
as supporting indication.
ICICI Lombard ready for upmoveEverything is explained on the chart. Please consult your financial advisor before investing. Ideas shared here are only for educational purpose.
ICICIGI BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Flag Pole structure in ICICIGPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
ICICIGI - LongRetracement from previous high levels and now stock can again retain All time high and move towards 1550
ICICIGI: Pole and Flag patternThe stock had a spectacular November month as it rallied from the levels of Rs 1,220 to Rs 1,530. However, after such a strong up move, the oscillators went into a deep overbought territory.
Hence, December month has been more of a consolidation phase. We are now witnessing a ‘Pole and Flag’ formation on the daily chart, indicating the continuation of the bullish pattern.
The momentum oscillator i.e. RSI smoothened. After a recent price correction, the stock is out of the overbought territory, indicating a strong potential up move in the near term.
In addition, we are witnessing a fresh bullish crossover between 50-DMA and 89-DMA, suggesting a strong momentum up move in the near term.
Looking at all the above scenario, the analyst recommends a buy into this counter at current levels for a target of Rs 1,546 over the next 14 sessions. A stop loss can be kept at Rs 1,448.
Sell Stock 1 for 29-12-20Price rejection from higher levels
Sell below 1490 Target 1480 Stoploss 1470
ICICI Lombard looks BullishToday on 28 December, ICICI Lombard had a great start but it faced a resistance at 1516 and fell down. It then took a support at 1491 and again rose by taking a support at the trendline. It has given a strong bulllish candle at the end of the day. It may soon break the resistance which is at 1516
Buy ICICI LombardBuy Icici Lombard only above 1496-1497 (Closing Basis) with Stoploss of 1400 (Previous swing Low) target 1735
Study : Stock is forming Pole & Flag Pattern after Breaking previous Resistence.
now if you see closely.stock is taking exact resistence from 1495 level..
Just see candles of (4th December High..,14th,16th,17th and 24th Dec High.., + on 15th Dec opening price was also same as 1495...
So when this stock breaks this resistance with Big volume and close above it,then stock may become bullish and hit our target Area...
Note: All levels are on closing basis...
Analysis is for study purpose..
ICICIGI Intraday - Downward Channel Breakout and retestPrice broke out of the downward sloping channel and gave a pullback to the breakout zone can give move above 1495 intraday for 1st target 1510 and second target 1530.
VIEWS FOR LEARNING PURPOSE ONLY
