Possible upside on breakout....Explained in chart....
All my post are for educational purpose,non-advisory & non-directional....
ICICIPRULI trade ideas
fallen enough ..i expect a good comeback!!! lets see!!i feel that the stock can be good to hold for a short time span as the indicators are bullish and overall trend looks enough positive
by keeping a trailing stop loss would like to go long on this stock !!!!!!!
for atleast upto next 2 months!
ICICI Pruudential Life Insurance Trade setupICICI Pru life
CMP 370
Trend is down
but is near important Fibonacci retracement level
Buying can be considered above 372
or on dips towards 360
T1 378
T2 388
T3 401.5
When trade gets activated Keep a Stop loss Rs 6 below buy price
Take care & Safe trading...!!!
ICICI PRUDENTIAL PULLBACK Long ICICI Prudential. Accumulate if around 363-360 region again. Target 386
ICICI - Upward breakouthas reversed from its 6 months support and is on the verge of upward breakout
Go long above - 398
T1 420
T2 450
SL - 380
Insuring WavesMy first attempt at "waves".
Purely my personal study, not a trading recommendation.
Comments and suggestions always welcome
ICICI Pru - On the verge of breaking downtrendNSE:ICICIPRULI has reversed from its 6 months support and is on the verge of breaking the downtrend.
Go long above - 397.80
T1 423.60
T2 456.60
SL - 366.30
ICICIPICICI Pru, Stock is again at Support.
Will it break or Bounce.
Momentum is weak and
Structure is very Week, Below 378 stock can even move towards 340
Break of Falling Trend line Important of any Positive Bias.
ICICIPRULI - May bounceICICIPRULI is in downtrend, it appears that it will bounce upto 420.
Buy above 400 for target of 420, Sell below 380 for target of 360.
Indicators favors LONG.
On verge of break down below 385.Stock is in absolute down Trend after making Lower
High and Lower Low and now on verge of break down
below 385.
ICICI Pru - Volume Surge - Trend ReversedICICI prudential has reversed from its crucial support with surge in the volume. RSI also indicates that the trend has reversed.
Go long above 417.50
Target 1 - 429
Target 2 - 459
SL - 394
ICICI Pru Life Double bottomSeems Like Double Bottom is broken but took longtime support at 380
RSI has turned slight Bullish so Lets long with hard stoploss 377
and target = 38.2% retracement
ICICIPRULI Bearish flagShorting opportunity emerges on daily chart, once breaking the trend line can go ahead for shorting for the levels mentioned in chart.
ICICIPRU is ready to prove.....After listing stock showed some losses to its shareholder in initial period. But after making its low @271 stock price double in nine months. After making its all time high stock price retrace approx 40% nicely to its support area. Looks like stock has completed its correction and shifting its pattern 'lower low lower high to higher high higher low'. I am looking for minimum 22% to 25% price appreciation in short term.
For long term investment we consider this as " WEALTH CREATOR ".
This is for educational purpose only take action as per your risk understanding.
Bearish ABCDProbable Bearish ABCD:
Post formation of ABCD will short for a target of 419 (.382 retracement) with SL @high of the candle.
Entry @low of the red candle.
ICICIPRULI BreakoutICICIPRULI broke out of a long time channel.
Its testing the pink support/res level.
High Volume break out . Stock to get more momentum above 455 .High Volume break out . Stock to get more momentum
above 455 .
Time to Insured PortfolioIn ULIP & Mutual Fund there is an OPTION to change fund status
Like "GROWTH" -> "BOND" & Vice-versa.
In Equity there is no such Option.
better to identify stocks shows reverse action.
i.e act like "GROWTH" -> "BOND"
Technical front: Good combination seen in "RSI" & "W%R"
Candle Pattern: "BULLISH HARAMI", A bit of Study
Definition
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “ pregnant ” . The black candlestick is “the mother” and the small candlestick is “the baby” .
Recognition Criteria:
1. The market is characterized by a prevailing downtrend.
2. A black body (in this chart "Blue Candle") is observed on the first day. (Here Candle formed on 27th July, 2007)
3. The white body (in this chart "Green Candle") that is formed on the second day (on Last Trading day) is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The pattern consists of two candlesticks, in which the first day’s black candlestick engulfs the following day’s white candlestick. The first one has to be a normal or long black candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the white body should be smaller than the previous black body.
Trader’s Behavior:
The Bullish Harami is a sign of disparity in the market’s health . The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a black body, which further supports the bearishness. However, the next day prices open higher or at the close of the preceding day and the short traders are alarmed. This leads to the covering of many short positions, causing the price to rise further. The latecomers short the trend they missed the first time, and slow down the rise. Thus, a small white body is formed. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing.
Buy/Stop Loss Levels:
The confirmation level is defined as the last close or the midpoint of the first black body, whichever is higher. Prices should cross above this level for confirmation.
The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Rest plotted on Chart.
Intraday Chart as Snapshot will be Updated later, watch time-line regularly for new updates.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Icici Prudential - Triangle Breakout- BuyThe stock after moving in an uptrend went into contraction phase where it was forming lower highs and higher lows called the symmetrical triangle. It gave a breakout a few days back with nice volumes. It is good buy around 421 levels with a stop loss of 410 for a target of 450.
ICICI Prulife to move higherFrom the previous high of 412, the stock has found support at the retracement zone between 61.8% and 50%. The fib extn targets are pointing for targets 419,427 and 453 in the near term.
