Buy ICICIGI 1340-1345Technical Trade - ICICIGI reclaimed 200DMA and it has been trading above it comfortably. down days volume are below average daily volume, this is constructive.
ICICIGI trade ideas
ICICIGI - TRADING IN A SYMMETRICAL TRIANGLEICICIGI
ICICI Lombard General Insurance Company Limited is trading in a narrow range in a symmetrical triangle.
RSI shows an uptrend.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
If the price gives a breakout, we might see 1340, 1375, and 1440.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
cautious long for ICICIGI with strict stoplossstructure looking weak with decreading volume MA.
company debt free...so higher leveraging strenght
pe < industry pe( 47<48)
profit growth best in industry @ 13 %
delivery percentage @ 68 %
swot = 5/5/1/3
hope it does well on next 5-15 days .......
ICICI GI - Channel -Bullish ICICI Lombard General Insurance - Buy NOW with small SL 1220 Closing Basis
Target - 1400 , 1440
It is pure educational perspective onlyplease observe for breakouts, range trading also better if you can.
broke out today for a target of 1485,1540! 1400 is SL!keep on radar!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
ICICI LOMBARD - MARK MINERVINI VCP PATTERNICICI lombard is a great buy over 1270.
It is in the process of forming Mark Minervini - Volume Contaction Pattern.
ICICI LOMBARDTHE SHARE PRICE IS GETTING GOOD SUPPORT AT 1138 LVL.
ONCE, THE 1170 LEVEL IS OVERCOME, THEN 1240 SHOULD BE THE NEXT TARGET FOR THIS GENERAL INSURANCE COMPANY.
IT HAS GOOD 69% AS DELIVERY OF THE TRADED VOLUME.
STOP LOSS CAN BE KEPT AT THE GREEN LINE SHOWN ON THE CHART.
