ICICIPRULI trade ideas
Buy ICICI Pru above 360+, high risk-reward ratioThe current price of 345+ is near the bottom with 360+ being the firm resistance level. If it crosses this level with conviction over short term, the potential is quite high due to the higher ceiling of previous cycles going upto +450.
Bottom line
Enter @ 360+
Stoploss -345
Potential + 450
Key resistance on path - 385/ 395 - previous pivots
Risk reward: 15:60 - i .e. at least 1:4 assuming target of around 420 (use trailing stop loss rather than a target)
Overall bullish bias driven by the strong fundamentals of the stock - making it s a very safe bet in an up-trending nifty!
ICICI Pru Life - Break Down in Channel.Moving in Downward Channel.
Break Down in Channel.
Below 200 EMA.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Watch ICICIPRUKeep ICICIPRU NSE:ICICIPRULI in Watch List
Likely to Break out Above 425 Target 440/450 SL 419
Below 409 can test 390 SL 416
ICICI Pru Life : Horizontal Support AreaNSE:ICICIPRULI ICICIPruLife is trading near support area of 360-365 from where it has bounced two times in past one year, same is visible in above chart. We are expecting similar kind of bounce back from these support zone and risk reward is favourable. RSI is showing upwards divergence on daily charts.
We are recommending strong Buy around 373-376 with Stop loss of below 360 (Closing basis) for Target of 410-440 in next 10-12 weeks.
Long on Drop ReversalI am looking Go long if price reverse at 408/405 on 1 Hour time frame , Will look for short term up side
Continuation of trend brake of levels Those who are not in Trade of Future short selling , can look for Brake of the Low will lead to Next forecast target
Inside bar mother candle high and low is 456.3 and 440.05.
so break above 456.3 is a buy and break below is sell
Inside candle is formed at the resistance. watch out and take the trade accordingly
LEVELS OF ICICI PRU LIFE It has broken resistance of 450
Nxt if it brks 463 then can see trgts of 474 485 490
sl of 447
ICICI Prudential Life: Nice Consolidation Near ResistanceThis stock has displayed signs of outperformance versus the Nifty50 index recently. The stock has been consolidating in a trading range recently, near the key resistance at 450-460 zone. Am watching this stock with interest and would not be averse to taking long positions if i get a buy signal in intra-day charts. I will add to long positions on a breakout in daily chart as well.
ICICI Prudential : Taking Support & Breaking Resistances !Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
