BUY ICICI GENERAL lombardit has formed inv H&S pattern. we may see 1750 in coming weeks. view negated below 1450
ICICIGI trade ideas
Breakdown in ICICIGIICICIGI has been under NR7+IB & now closed near prev day 2 low. This form a bearish signal.
Would see if it break the prev day low then have potential of downside of 1.5%. Keep this in radar.
ICICIGI
- Stock is forming an ascending channel pattern and is bounce from support.
- Next level to watch 1582/1621 levels .
-Support is near 1485 level on chart
Ascending Triangle - Positional TradeThe ascending triangle is a bullish pattern. Enter on breakout of the resistance level.
ICICI Lombard General Insurance - Long
ICICI Lombard General Insurance - Long
* Cup and Handle Pattern
* Triangle Pattern
* Watch out for Breakout and Buy.
* Targets: 1625, 1707, 1773
* Support Levels: 1487, 1440
Invest Wisely! Good Luck!
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ICICI Lombard (ICICIGI) Trading SetupCurrently getting a breakout above the Resistance area as well as trendline with good volume.
ICICIGI : shortterm buy for 15% returnsstock is in symmetrical triangle compression zone .
price squeeze is happening now, breakout above 1523
taking interim support at 1446 levels .good to buy for 10% to 15% returns in short term
rest of the details in chart
cmp 1446
buy and accumulate till 1422
keep stop loss at 1396 on weekly closing basis
short term targets : 1500/1523 breakout level /1567
long term target :1640+
Ascending Trianlge Pattern Breakout - ICICI LombardPrice is currently forming an Ascending Triangle pattern and is closer to breakout.
If strong breakout occurs, then price will rally towards the target.
The ascending pattern is observed in MLY and WLY time frames. As per the definition, if the pattern holds good then the target is around the range of 1850 - 1880 which is 30% higher than current price.
Note: There may be short term price reversals but in the medium term this target should be achieved.
ICICI LombardDisclaimer : Only for educational Purpose,not a stock recommendation
Trading is an art, learn the art!!!
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ICICILOMBARD -Triangle breakout-expected -20% returnSymmetrical triangle breakout at CMP can give 20% return.
Entry can be taken CMP.
T1-1615 may form double top but after consolidation further breakout is expected hit T2-1796~1836
SL- 1350
Risk to Reward-2.5~3.
Icici Lompard # Long 👍It forms Triangle pattern. Expecting Breakout in coming Days. Keep on your Radar.
ICICIGIICICI Lombard General Insurance :: Taking support here and can be seen through previous support and Fibonacci levels.
Expecting a bullish move..
(Only drawback is Nifty is correcting and might create trouble for this counter)
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Disclaimer: Strictly for educational purpose..
ICICILOMARD EQUITY levels ...03/05/2021 (D candle)😊ICICILOMARD EQUITY levels ...03/05/2021 (D candle)
