ICICIGI trade ideas
📉 Alert! Bullish Pattern Spotted!📉 Alert! Bullish Pattern Spotted!
📊 Pattern: Flag & Pole
📌 Symbol/Asset: ICICIGI
🔍 Description: Stock has given breakout of falling channel and now Consolidating in a small lower channel.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
ICICI LombardICICI Lombard is indicating long setup built up while price has broken above previous pivot highs on weekly basis. Price is taking support of support line from past few weeks. 55W RS is on increasing trend and may cross above zero line very soon indicating better performance than Nifty50
$NSE:ICICIGI will face Resistance ? Dear Followers
I wanted to provide you with an update on the current resistance level for NSE:ICICIGI . As of now, the stock is facing a notable resistance around 1420-30 . This level has historically acted as a barrier, slowing down the stock's upward movement.
It's important to keep a close watch on how the stock behaves around this resistance. If it manages to break through and sustain trading above 1430-40 , it could signal a potential bullish momentum and it will test 1550-1600 On the other hand, if the stock struggles to overcome this resistance, we might see some consolidation or a possible pullback and Might it will test 1300-1250 .
Please feel free to reach out if you have any questions or if you'd like further analysis on the stock's performance
Best Regards,
Ajay Metha
ICICI LAMBARD INTRADAY TRADE
ICICI LAMBRD Looking good for upside..
When it break level 1373 and sustain.. it will go upside...
BUY@ 1374
Target
1st 1383
2nd 1394
ICICIGI AUG FUT – 9 LOT (Qty-1575)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
ICICIGI - 45% RETURNS!!!BUY - ICICI LOMBARD GEN
CMP - Rs. 1071
Target - 1: Rs. 1364
Target - 2: Rs. 1537
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Technicals - 1) Harmonic Pattern - Cypher
2) Targets set using Fibonacci Retracement
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Follow me for more!
icicigi-sell on risesell from cmp to 1415
sl close below 1423.5
easy tg - 1390
Disclaimer : This is my personal analysis for study purpose not intended for trading.
ICICIGI
At the end of May 2023, prices cleared its down-sloping trendline with a massive gap up.
Weekly RSI also cleared 51-59 zone where it got capped during the bear phase.
Now prices has also cleared the 78.6% FR level resistance.
Prices are now likely to head to its major resistance zone between 1625-1675.
Bullish view remains valid as long as prices stay above the Gap area of 1165-1105.
ICICIGI in to bearish trend continue ICICIGI looks continue of short direction closing below 1080 price can fall till 1000 stop loss 1130
one can long only if closing above 1130 stop loss 1080 target 1250
ICICIGI Long 1600+As per the chart pattern, Whenever the price has come to the bottom line it has significantly spiked towards upside and made newer highs.
This has happened all the 2-3 instance before. So unless the price breaks the bottom line it's a very good region for accumulation. We can clearly see the accumulation happening since last 20 days from march 15th 2023 till today 4th may 2023
Also the company is quite decent with fundamentals too. I have added this to my core portfolio of 8-10 stocks around 1300's Planning to add more at this region as the risk reward looks very favourable here
Price is quoting only 30 times the earning which is the least in the private sector insurance.
This company offers wide range of insurance products from major being motor insurance and also health, crop, general, fire, cyber insurance too
ICICGI looks attractive buyICICIGI looks good buy around current level of 1136 with SL 0f 1106 as the stock has thrown out most of the early dip buyers. Target 1179, 1209 looks possible in Feb to Mar.
ICICI Lombard General Insurance Company LtdICICI Lombard General Insurance Company Ltd
Chart Pattern - Head and shoulder Pattern
Entry Price 1115
Target 850
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
icici giSwing trading ideas
lets, watchout for this stock and see how this trade works out
taking support multiple times,
Buy after breakout of resistance line,
weekly support
Should you go long ?
ICICI GI at demand zone -1100-1120
SL- very small(1070-1085) 3%
TARGET-1220, 1275, 1340
ICICIGIIn the Daily chart of ICICIGI, we can see that it is demand zone.
let it form a bullish candle or chart patter.
Enter for Long term with small SL.
[Bounce] ICICIGI Buy IdeaDowntrend became a Sideways trend and now has taken support.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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ICICI Lombard Gen - Daily 1130On a big red monthly expiry day, it has taken channel support.
Forms a good risk reward ratio.
Can buy for targets 1160-1195-1240
Post breakout, targets of 1290-1365-1415-1465 possible.
Keep a SL of below 1080-90 closing basis.
*This is a view, trade accordingly.
*Trail your profits.
ICICIGI Breakout failed..ICICIGI had big volume candle on 3rd Jan, if price starts trading below the 3rd Jan candle then we might see stop loss getting hit. Also volume profile showing 1241.70 is the maximum traded price for the 1 month consolidation zone. below this level we can see 1227, 1215 and 1187 levels.
Please note this is my view and is just for educational purpose. I am not SEBI registered advisor, kindly request you to consult your financial advisor before taking any trade.
ICICIGINote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
ICICI BANK ICICI BANK
VERY range bound move.
Keep an eye if breaks out or down would give a trending move
