Weekly levels (28 september to 02 October 2020) - ICICIPRULIFEweekly levels for 28 september to 02 October 2020
ICICIPRULI trade ideas
ICICIPRULI is Making Vertical Rectangular Channel PatternICICI Prudential Life Insurance Company Limited : Company ( NSE:ICICIPRULI ) is Making Vertical Rectangular Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Long opportunity in ICICI PrudentialA long position can be taken based on the following observations
1) A Strong bullish divergence can be observed on the MACD indicator.
2) A Double bottom can be observed at current price levels.
3) Stock is trading near EMA 200 and has a strong possibility of reversal.
4) Stock is trading near S1 level on Fibonacci Pivot.
Long position may be taken at S1 Level of Fibonacci Pivot at around 416.45 with stop loss at S2 Level and first target at Pivot Base Level
This will provide approximately 1:2 Risk to Reward ratio.
ICICI pru TView ideaAs per charts of ICICI pru keep an eye either BO or BD of the triangle pattern.
always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance sheet. All trading ideas freely shared here for your education & support.
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ICICIPRULI - 4H TF - Head & ShouldersHead & Shoulders pattern forming on 4H Chart of ICICIPRULI. SELL 435, SL 465.1, Target(s) - 420, 410, 400. Measurement = 47. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Fresh short in ICICIpruTry to start ICICI Prudential Life between 432 to 435 for a Target of 419 and SL at 439.
ICICIPruli TrendDaily Close above 455 could lead the price to test previous high area around 530 - 535, double top around this area could act as strong resistance. Close above this level would be necessary for strong uptrend.
Long position can be tried on close above 455 with SL below 430 for target of 530
Intraday (26-08-2020)Stock is in range bound mode. Ideal for scalpers. Breakouts on either side seems highly unlikely intraday, though LIC housing finance showed some momentum today. Ideal for short term though.
ICICIPRULI - Intraday Trading Setup for 26 Aug 2020Disclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
#ICICIPRU CASH : LOOKS GOOD ABOVE 453.10#ICICIPRU CASH
23.08.2020
LOOKS GOOD ABOVE 453.10
STOPLOSS 446
TGT 461/468
SUSTAIN N CLOSE ABOVE 456 Will take it towards 480/500
Cmp 447.50
Icicipruli IciciPruli looking good to go long above 453 on closing basis ...target 485/490 in short term swing trade.......view negate below 438...
ICICI PRU Swing Trade [Reversal] [Tgt : 475]ICICI Pru has hit the long term resistance at 480 and retraced a good portion of it's previous upmove. Now after consolidating and taking support @ 440 it looks ripe for another shot towards 500
Makes for an excellent swing trade :
Buy for Tgt @ 475, SL @ 435
These are just my 2 cents on the matter, please trade with caution and at your own risk
Happy Trading!
