ICICI General insurance crossing 200EMAGreat company after a correction period now again to start rising from strong support. Targets are mentioned.
ICICIGI trade ideas
Buy Setup with Good Risk/Reward ICICIGI has been consolidating for a few days and trying to come out of consolidation. There will be a breakout above 1475 or if Bull Power indicator crosses above 70 or 75, then, we may see another buying interest and an up swing above 1475. Bull Power has already crosses above Bear Power indicator and its preparing itself for a bigger rally in coming days.
Gann roadmap for it for coming days would be:
1445 1464 1483 1502 1521 1541 1561 1581 1601
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
ICICIGIswing trade with good risk reward
trendline is running from may
it has given a hammer candle at the support
ICICIGI - A new share on our radarNSE:ICICIGI had been cracking for sometime without any bad news about it. I think this is profit booking and followed by consolidation. If it comes to 1400 then a small quantity and on at 1300 levels some more. Let's keep an eye on it.
ready for explosion icicigi is wonderful in its level
i m expecting very good move is their in coming weeks
why i m thinking is because
1. double dip in that level
2. fibnocci level 61 support
3. more the consolidation better it gets
4. so many dojis
ICICIGI Short Setup Opportunity - H&SICICIGI forming Head and Shoulder Pattern on a daily Time frame and looking bearish.
Buy ICICIGI around 1445 for the target of 1580Buy ICICIGI around 1445
For the targets of 1580
Disclaimer: This is just for education purpose. Consult your financial advisor before investing.
Taking good support, good for swingICICIGI is taking a good support from the trendline, suppportline and 200EMA as well, target of 1600 can be achieved.
ICICIGI break down from trend line supportClear break down on the daily chart of ICICIGI from trend line support.
Expecting the stock to test 1440 in short term
SL for this trade is swing high of 1560
Do your own analysis before action on this trade
Bounce Expected from Support levels for ICICGIYou can go long on ICICIGI for a 5% return in the next 2-4 trading sessions. Bouncing with good volumes from support levels of 1450. Target - 1550, Stop loss - 1430.
ICICIGI - Head & ShouldersHead & Shoulders pattern forming on 3H Chart of ICICIGI. SELL 1514.9 SL 1560.1, Target(s) - 1495, 1485, 1465, 1455, 1445. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
ICICIGI - RectangleRectangle forming on Hourly Chart of ICICIGI. BUY 1610 -> 1630, 1650, 1670. ATH 1626.90. Consolidating in between 1550-1610. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
ICICIGI - Consolidation phase before moving upKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Buy/add on pullback
5. Support zone: 1437-1460
6. Target: 1553, 1624, 1718
7. Stop loss: 1420
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Cup and handle patternSelf-explanatory chart! Can be bought for a target of 1600. CMP-1534.
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Happy Trading :)
ICICI Lombard General Insurance Resistance BreakoutPositional Trade(2-3 weeks): ICICI Lombard has broken out of a resistance at 1550.
Buy: ICICI Lombard
CMP: 1579
Target : 1640
Stop Loss: 1540
