ICICIPRULI trade ideas
ICICIPRUDENTIALSHORT BELOW 487
VOLUME SHOWS SELLING PRESSURE
DESCENDING TRIANGLE BREAKOUT WITH CHANNEL FORMATION
LOWER SIDE OF CHANNEL CAN ACT AS SUPPORT AFTER BREAKOUT
Respecting the channelRetested the lower end of the channel. likely to move up to 540+. RSI supporting the upmove. MACD will soon support the long trade.
Not a trade idea but an educational post.
"ICICI PRULI" - Big Move Incoming 1. ICICI Pruli is still looking strong in uptrend.
2. Over this chart i'm looking for retracement of this uptrend.
3. Will take only short trade when the price will break trendline support & red horizontal line.
4. Looking for 0.618 - 0.5 FIB retracement.
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ICICI Prudential.. gravestone doji?ICICI Prudential has formed a gravestone weekly doji, next week movment is critical.
looks like the move is stretched and can expect a decent correct to 500 480 levels
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.
More Upmove for ICICIPRUNSE:ICICIPRULI
This stock is continuously making higher highs and now it has breached the upper band of the wedge pattern. It has good support level of 525/513.
One can keep on accumulating it at every correction. SL 504 closing.
ICICI Prudential - at life time highThere was double bottom formation and it gave wonderful return after that.
According to trendline too there was breakout.
Now it is at life time high. Any correction would give buying opportunity
ICICI PRU.. bears timeICICI PRU has had a stellar move and has made a new intraday life high
on daily charts it is overstretched.
time for some corrections.
it has been moving in a channel and always corrects to 20 dma on daily charts before it moves up again
short with SL of fridays highs for target 486 480. might get a deeper correction also
ICICI Prudential.. what a runICICI prudential after a superb run up, tested it previous highs
it is currently stretched on daily charts.
can see some minor corrections to 480 zones
it tends to correct to 20 dma before it moves up again
trade accordingly.
SHORT ICICI PRU BEARISH ENGULFING PATTERN
UPWARD TREND LINE TOUCH
GOOD RISK/REWARD
STOPLOSS ABOVE CANDLE WICK
