ICICI LOMBARD GEN

NSE

ICICIGI

ICICI GEN INSURANCE MONEY FLOW INDICATOR SHOWS THAT IT IS OVER BOUGHT IN BOTH DAY & WEEKLY CHARTS. WITH 1116 AS STOP LOSS, THIS SHARE SEEMS TO BE RIPE FOR SHORTING, AT 1102 LEVELS. TARGET - 1052 & 1008.

Can go long at CMP 950 SL 930 Closing basis Target 1270 (holding period 8-12 months)

.....Levels mentioned in chart

ICICI LOMBARD- Looking short as of now after a runnup/ Strong only above 925.00, Can be shorted at current levels. CMP- 901.70 NSE:ICICIGI

Ideal strategy will be to open short in ladder buy manner or on conformation of rejection from the blue zone. targets are mentioned in green, stop loss just above the previous high. all the best and do share your opinion in comments section.

If today the stock manages to stay above 888 and tomorrow above 892, then the intermediate target will be 1184

Long ICICI Lombard (ICICIGI EQ, NSE, INDIA) H&S Failed

will move up

As per daily candle chart, there is clear upside descending triangle breakout. Those who are looking for good investment opportunity can invest in this gem with stop loss below 720. The view here is for short to medium term.