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.
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.
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.