update icicpru target achievedA good short trade ...it formed an ihs and achieved my target closing below 438 an take it down further
ICICIPRULI trade ideas
ICICIPRULI - shortIt made a big red candle on Friday with good volume. may consolidate and fall further
the rsi is yet to get into the oversold zone
the blue lines may act as a supply area.
SL 478
Entry zone - 469-474
Target - 428
Above are spot price- If trading futures do keep a check on spot prices, if trading options keep a watch on premium decay as in second half of month the decay is more than the first half of the month
Happy Trading
MSK
ICICI Prudential - SWING and IntradayStock is at make or break level.
Stock has been rejected at Resistance zone thrice since 2019. Now stock is trying to bounce from support zone 4th time in last 4 months. If bounces from support then target 500 however if breaks the support zone then very good candidate for shorting. Intraday - Short below 457, Swing - short below 455 for targets of 438, 398
ICICI PRUGreat run up since the IPO in September 2016. However since then its trading in a band of 300 - 550.
The Chart indicators are weak. There's twizzer top pattern at the current levels. RSI is near the oversold region, so might stablise before crashing.
The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is Rs 66,000 crore. Should one give 55 x PER for a good stable business but in a fiercely competitive landscape?
I would only buy it at 30-35 PER ...i.e., Price of Rs 300 !!
Icici Prudential Life Insurance chart analysisIcici Prudential Life Insurance chart analysis for intraday and swing trading
ICICIPRULI - Head & ShouldersHead & Shoulders pattern forming on 4H Chart of ICICIPRULI. SELL 454.9, SL 470/500, Target(s) - 440, 425, 415, 400.
Another scenario is, it takes a break around 435-440 levels and bounce back from there on. So sell as above and give it a look after it reaches 440. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
ICICI Pru Next MoveThe stock has formed a bearish engulfing candle on a daily time-frame. If it breaks the previous low, it may go to 450 odd levels, or if low doesn't break we would again see 500 nearby levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
[Bullish BAT Harmonic]: ICICI prudential Life InsuranceShort term swing for ICICI prudential Life Insurance. Analyze and take your call.
Any enhancement in this is welcomed.
ICICIPRU "SELL ON RISE CANDIDATE", FOUND "TWEEZER TOP"Now Icicipru won't rise until it closes above 538 on Day Closing Basis.
Closing Price - 499.7
Any Rise Close To 525-530 Sell It In Future With Strict SL Of 538 (DCB), Target - 10-15% From Selling Price..
Head and Shoulder patternHead and Shoulder pattern made in Day time frame.
A good oppurtunity for Short a stock...
Icici prudential life buy Buy icici life 450 to 460 levels for short term between to one to 3 months
Icici Prudential Life Insurance chart analysisIcici Prudential Life Insurance chart analysis for intraday and swing trading
sale trade2 week high - 503.5 = stop
sale at one month low now = 462-65
target levels = 442, 425, 416
disclaimer - trade @ own risk
H&S ICICI Pru head and shoulder pattern on daily chart
Head length 74 points, any weakness could take price down from neckline
Buy Breakout Rejection on 461.50/- ICICIPRULINSE:ICICIPRULI Buy Breakout Rejection on 461.50/- ICICIPRULI
Icici Prudential Life Insurance chart analysisIcici Prudential Life Insurance chart analysis for intraday and swing trading
ICICI Pru Life is Near SupportThe stock is near the support again, we may see the bounce or if the trend line breaks stock may move to targets marked.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
