In ICICIGI, Bullish MACD crossover on daily timeframe indicating reversal sign in this stock. Also, This trading near support level of ascending triangle pattern and 200 EMA. Expected this will give upside rally upto 1600+ level in upcoming few trading session.
Possible Trade:
Buy ICICIGI @1470-1480
Stop loss - 1400
Target - 1600+
Go Long above 1538.1 for Targets of 1576.2, 1614.3, and 1652.4 with SL 1500
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382...
1440 can be a support area .
this is purely for educational purpose .
Before taking any trade , do your own analysis
DIS - I am not a sebi registered analyst
icici gi showing good reversal from demand zone looks good setup for bull equity buying can be done for 90 days for tgt new all time high SL Swing low.
ICICIGI Long (24 Nov)
RSI divergence
Buy above-1520
SL- 1430
Target- 1609, 1660
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ICICI Lombard General Insurance (ICICIGI) has taken support on the trend line and swung up.
Fantastic Opportunity to go long
CMP: 1528
T1: 1610
T2: 1650
good movement and cross over of 13 ema high and 5 ema close, with next monthly Retracements aka next resistance at 1600 levels,. it is definitely worth to see based on Monday movements
NSE:ICICIGI
Stock -> ICICI Lombard
TimeFrame -> Daily
Hello All!
ICICI Lombard has been moving in a channel. It has been taking regular supports from its lower channel trendline since July 2018. It's now back at its lower channel trendline and this generates an opportunity to go long.
There are multiple reasons to support going long on this:
1) Support...
DISCLAIMER:-
I AM NOT SEBI REGISTERED.
Educational purpose only.
This is not recommendation of buying or selling.
All calls and post are for educational purpose and self examination.
Why to enter at current price ?
Support of 200 EMA and 0.786 Fib and trendline
Q2 results were good
Why not to take the trade ?
Sell volume is high and doesnt seem to lower even if Q2 results are good
Enter - CMP
Target - 1700
Stop loss - 50 points below trend line
ICICI Lombard General Insurance Co. Ltd. engages in the provision of general insurance products and services. It operates through the following segments: Fire, Engineering, Marine Cargo, Marine Hull, Motor OD, Motor TP, Workmen Compensation, Public/Product Liability, Personal Accident, Aviation, Health, Credit Insurance, Crop/Weather Insurance, and Others. The company was founded on October 30, 2000 and is headquartered in Mumbai, India.
NSE
