ICICIGI trade ideas
Simple Trade Setup | ICICIGI | 20-09-2021NSE:ICICIGI
Observations:
1) On 1hr time frame it looks like a bullish pennant pattern.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
ICICIGI - Price and Trend SetupStock Rising along ascending triangle and may further test previously created resistance. Good for swing and breakout trade in coming days.
ICICIGI - Watch out for the Breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Multimonth Breakout :- Positional Trade in ICICI LombardMulti-month symetrical triangle breakout seen in ICICI lombard insurance stock.
Buy above 1646-1650
Target 1710 / 1800
Stoploss 1590
Risk Reward >= 1 / 2.5
Swing Trade in ICICIGI: Very good risk reward ratio.I found very good trade. The stock name is ICICIGI and this stock makes an ascending triangle pattern on a daily timeframe. And also gave a breakout with the high volume. Voila! That's why I selected this stock for the swing trade. Don't miss this opportunity. Let's hope for the best.
Again A Triangle I am expecting a pretty good move in this stock , not because of just this triangle (well but it’s also one of the reasons) Also because of open future interest building in this stock by the bigger players …
ICICI LOMBARD IS BREAKING A MAJOR SUPPLY ZONE ICICI LOMBARD has been consolidating in the range of 1622-1291 for the past year, however, it has breached its upper supply zone with a positive MACD crossover the stock is likely to change its mode to bull side, The security hasn't shown any above-average volume in the market, with two more days to end this week s trade with a sufficient volume change the sock can change be considered for a short to mid-term perspective
ICICI Lombard General InsuranceWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Great breakout! Catch it if you canICICIGI has given a big range breakout!
Enter at CMP and in dips till 1600
SL - 1550
Target - Sky is the limit!
ICICI Lombard general insuranceICICI Lombard general insurance at resistance level of 1595 for the third time. If this level is broken then it will fly..
Bullish MACD Crossover near support level of Triangle PatternIn ICICIGI, Bullish MACD crossover on daily timeframe indicating reversal sign in this stock. Also, This trading near support level of ascending triangle pattern and 200 EMA. Expected this will give upside rally upto 1600+ level in upcoming few trading session.
Possible Trade:
Buy ICICIGI @1470-1480
Stop loss - 1400
Target - 1600+
ICICI Lombard (Chart of the Week 28/08/2021)ICICI Lombard should sustain the breakout this time. While deeper stop losses can be followed, for short term trades, I feel, one should stick with the stop loss of Rs.1540
Icici lombard resistance breakoutIcici lombard what a graph, it gives resistance breakout, support and resistance mentioned
ICICIGI.... GOOD PRICE FOR LONG TERMThe script is trading near its support line. Can expect 9% returns in 1 - 2 months. Good to hold for the long term.
BO in ICICIGITriangular Pattern Breakout in ICICIGI
Has formed a rounding bottom consolidation and gave a breakout above 1500-1505.
Recent MACD crossover confirmed by Aug 18 candle closing at 1485.
Also supported by crossover in Stochastic RSI.
Can buy on retest around considering a byy zone of 1495-1515.
Expect a target of 1595-1600 .
Will you buy icici lombard ?ICICI Lombard GIC is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of Rs135.92 billion for the year ended March 31, 2020. The company issued over 26.2 million policies and settled over 1.86 million claims as on March 31, 2020.(Source : Company Website)
Check to the chart for more information !!!
buy with strong support ( trend line / bottom)icicigi:
trade set up in charts :
1. buy at support / demand zone here at 1425 to 1410
2. keep stop loss as 1372 on closing basis
3. targets : 1523/1598+
technical buy based on :
1. higher lows
2. lower highs
3. triangle
4. trend line support
5. double / tripple bottom
Icici Lombard intraday levelsIf open flats (1480-1490) and breaks 1490 level can go for buy for intraday.
Target mentioned
Stoploss (0.5-1%)
