ICICIPRULI trade ideas
ICICI PRU..rising wedgeICICI PRU is inside a rising wedge and also is a larger triangle.
either side break of larger triangle with determine trend.
break of wedge downside can set in correction for short term..
resistance supports marked.. for reference
ICICIPRUDTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
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ICICI Prudential Life Insurance Company Ltd. - Bullish MoveICICI Prudential Life Insurance Company Ltd. stock is going through a bullish channel move.
RSI 50+ & MACD bullish.
368 (mid bol) & 350 are important supports
staying above these levels stock can move towards upper bol 416, 430 (upper edge of the channel).
ICICIPRULI Day Analysis 28 April 2020Industry :-
Scanner :- VOL/RSI
Abv 200D EMA :- BELOW
ABV 50D EMA :- BELOW
RSI 11 :- Around 54 Rising
CRS Sloping 21D :- Consolidating
Delivery Volumes D>W>6M :- Increasing
Traded Volume 11D SMA :- Increasing
Candle Pattern :- Triangle
S/R Levels :- FIBO
Date Of Entry :- 28-04-2020
Status :- Bullish
Entry Trigger :- Bullish
CONDITIONAL INTRADAY TRADE IN ICICI PRU MAY FUTCONDITIONAL INTRADAY TRADE IN ICICI PRU MAY FUT
BUY ABOVE@390
STOP@401
TARGET@384
QTY=3000
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
INTRA-DAY TRADE IN ICICI PRU MAY FUTINTRA-DAY TRADE IN ICICI PRU MAY FUT
SHORT@387
STOP@391.5
TARGET@382
QTY=3000
RATES ARE AS PER SPOT
PLEASE ADJUST FOR FUTURES
ICICI PRU INTRDAY CAN GO SHORT FROM CURRENT LEVEL TL BROKENON 15 MIN CHART TL BROKEN TO SHORT ICICI PRU...
Error : 404 ?I have used Lifetime high & low to identify two zones: Bullish & bearish zone.
THE CHART
-> Lifetime high + Lifetime low / 2 = Rs 404 (markerd with redline)
-> Higher & Lower piviots are market for actual stoploss & trailing stoploss
Observations:
-> RSI is at 60 level indicating bullish as well as a point of resistance.
-> MACD has a positive crossover & Divergence is increasing.
-> Price channel is positive.
-> Bullish Strength candle are marked
Delivery
30 April 2020: 17.41%
-> Low delivery suggesting a speculative move.
Option Chain
MAY 2020
-> Significant call writing at 450 & 500 (Resistance in price action as well )
-> Significant put writing at 400 (404 baseline)
Conclusion
While Nifty may see some recovery we should try to initiate a long position in quality stocks.
CMP: 410
Target 1: 445
Target 2: 480
Stop loss: 391
icicipruli , at very important junction !!!!Make or break levels - 420-28 most crucial resistance zone.
ICICIPRULI SHORTBEARISH CROSSOVER IN STOCHASTIC INDICATOR
RSI ALSO COMING FROM OVER BOUGHT ZONE
ENTRY BELOW 356.2
STOP LOSS - 372
ICICIPRULI, Learn & Earn (Rectangle range breakout)ICICIPRULI is looking bullish on hourly & daily chart.
