ICICIPRULI trade ideas
ICICI PRU LIFE: Chart set up and strategyICICI PRU LIFE
CMP 398.65
We observe
- range bound activity in ICICI Pru Life for the June series so far
- the stock looks likely to test 416 in coming days
- support at green line
Given the chart set up
One may consider selling ICICI Pru Life 380 Put option around 7.5
Yield potential of 5% til 25th June 2020
Loss protection for a fall in price up to 372.50
Take care & safe trading...!!!
ICICIPRULI - Buying Time ... Time to Buy?ICICIPRULI is consolidating in terms of time for past few weeks now. A clear case of range contraction, stock finds obvious resistances from the 61.8% Fibonacci Retracement at (415-420) zone. A move above this zone will confirm a clear breakout. I will be closely watching the upper border of the yellow channel levels of which are at(440-445). Needless to say, we will notice a similar breakout on the RSI too. On the flip side, a move below 380 negates this entire possibility.
Buy on dips. ICICI Prudential Life I am following this stock from past one month and this stock is trading in a range. Tomorrow's (16/6/2020) market may be be bearish because of weakness in Dow. So if you get this stock around 380 -385 I would recommend you to buy this stock with a stop loss of 378 (closing basis). You may see target in 3-5 trading session. If you are an investor you can invest in this stock for 8-12 months with a target of 500-550.
Disclaimer:- I am not responsible for any losses that may happen in this trade.
ICICI PRUDENTIAL Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Icici Prudential Traingle breakout.Icici Prudential Traingle breakout. Please wait for breakout with volume and then take trade... dont take trade if the breajkout doesnt have volume. Volume is the key
#icicipruli LONGSymmetrical triangle formation breakout above 393 having imp support of 379. first target above breakout will be 414.
ICICIPRULI bullish zone on chartsNow on daily chart of icicipruli double bottom (W pattern) is clearly visible. Also stock has been broken resistance zone. Now next resistance zone for stock at the level of 413 and then 425. So the entry can be taken in stock for next trading session above 395. Kindly add the stock in your watch list.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels. The idea sharing is for educational purpose only. in case any suggestion advice required feel free ask .kindly follow for more educational ideas.
ICICIPru breakout Target for 401, 425, 437, 445.6 ICICIPru has given a breakout after 30 March Channel. Immediate target looks for 401 and then correction till 395.2 and then target of 437 with correction till 432 and then final March towards 445.6.
No Target Correction
1. 401 (Correction till 395.2)
2. 437 (Correction till 432)
3. 445.6
It has also completed its first 4 wave form
ICICIPRULI, How Earned 10 point in INTRADAY (Trade Analysis)When the Trend Line breaks in ICICIPRULI i entered approx 375 and booked profits at 385 in FUTURES.
All do With Price Action Analysis
If you want to Learn Price Action, Message me your Email Id In Comments
Please Follow and Like for support
How I earned 10% profit in one dayAfter forming lower high and lower low several times in the chart downtrend was conformed and I kept eye on the stock.
On 28th of May in the last 2 hours, the one-hour candles were formed above the trendline and I was expecting a positive movement after the second health bullish candle above. The second conformation was RSI getting stronger and the gap up opening and it was a strong sign to be in the trade.
It was purely price action based strategy banged on target.
On that second candle, I entered into the trade and I nearly earned approximately 10% of profit in just a day.
Conditional Buy ICICI Pru for IntradayTraders may visit this stock and buy conditional only above hourly closing above 350 levels for Intraday target of 357-359 with Risk to reward of 1:1 as the stock may rebound to its previous resistance levels.
[Buddha] ICICIPRULI Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Bearish Trend on ICICI PruClear down trend on the charts of ICICI pru. We can short from the current level for the next Target of 325 to 315 current level for Swing traders. So Add the stock in your watch-list . Stock is at very weak level. break down level in the stock. In case any issue please feel free to ask & also follow me more more educational & trading ideas.
INTRADAY IN ICICI PRU INTRADAY IN ICICI PRU
SHORT@338.5
STOP@342
TARGET@332
QTY=1500
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
How I Earn 2.5% in ICICIPRULII shorted at 360 when trend line breakes and booked profit at approx 350 in Futures and the lot size is 1500
