ICICIPRULI trade ideas
ICICI Pruli ICICI Pruli is at the supply zone and just crossed it and retraced back with the last candle on Friday
It could be a pullback and continuation process
First target would be the marked one
iciciprudential LONGafter forming a strong eod candle icici pru. formed a strong weekly candle also. one can go long with immidiate target as per mentioned in the charts .
Next move This one I am looking one more move down and then look for strong reversal for next move up
Look to trade only for long position , short selling is not good idea
icici pru - take prudent decisionWait for price to trade below 335. Volatality is more during trading in this stock.
Long set up One can look for next move in this passion , I am looking an correction before this makes to new recent high
One has to be careful only the pause and reverse has to confirm for buy set up
Long set up One can wait for two possible long set up
01) It brakes the Friday low and then reverse on 2 Hour candle ,
02) It can reverse without braking the Friday low
Which one will happen i have no idea , but one of them is high likely possible ,
One can look for taking entry on Brake of Bullish candle on 2 Hour time frame and Look to book near the forecast
I have marked 3 move passion in arrow mark , it might move in the 3 move or it might move up straight forward
Look for set up
Good luck
ICICI Pruli - StrategyAny Dip near 477-471 with SL 465 would be great opportunity for TGT 505, 535
Time Frame - 15-20 trading sessions
Percentage Return : 12% (Net Expectations)
Risk : 2%
Probability : Medium to High
Long ( Conservative Trade ) One can look for entering with their own method of entry and exit , for next move up , take profit when you are not comfortable because this one is very
high likely will trigger sell off once it makes an double top or triple top whatever you want to call it
Go small in equity ,
Good luck
INTRADAY SETUP ICICI PRUDENTIALCurrently for intraday setup trend is not yet changed.
Till trend reversal the stock is in buy side.
Buy above : 500.55
Target 1 = 505;
Target 2 = 510 ; Stop loss = 493.50
This is our view and analysis, please do your own analysis before taking a trade.
ICICI Pru Life: Time to sellICICI Pru Life
CMP 478
The stock has recovered well from levels of 440. And it can be seen from the chart why...
But now is going to be the testing time for ICICI Pru.
The zone of 480-498 may act as a resistance zone. Unable to cross the said zone may suggest rejection at current levels and stock can again dive for a new low in coming weeks.
Target for the current set up 460 / 440 / 412
Keep a SL at 505
Take care & safe trading...!!!
