ICICI Prudential has formed a gravestone weekly doji, next week movment is critical.
looks like the move is stretched and can expect a decent correct to 500 480 levels
SHORT BELOW 487
VOLUME SHOWS SELLING PRESSURE
DESCENDING TRIANGLE BREAKOUT WITH CHANNEL FORMATION
LOWER SIDE OF CHANNEL CAN ACT AS SUPPORT AFTER BREAKOUT
Retested the lower end of the channel. likely to move up to 540+. RSI supporting the upmove. MACD will soon support the long trade.
Not a trade idea but an educational post.
1. ICICI Pruli is still looking strong in uptrend.
2. Over this chart i'm looking for retracement of this uptrend.
3. Will take only short trade when the price will break trendline support & red horizontal line.
4. Looking for 0.618 - 0.5 FIB retracement.
Follow our telegram channel for more updates : t.me
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
NSE:ICICIPRULI
This stock is continuously making higher highs and now it has breached the upper band of the wedge pattern. It has good support level of 525/513.
One can keep on accumulating it at every correction. SL 504 closing.
There was double bottom formation and it gave wonderful return after that.
According to trendline too there was breakout.
Now it is at life time high. Any correction would give buying opportunity
ICICI PRU has had a stellar move and has made a new intraday life high
on daily charts it is overstretched.
time for some corrections.
it has been moving in a channel and always corrects to 20 dma on daily charts before it moves up again
short with SL of fridays highs for target 486 480. might get a deeper correction also
ICICI prudential after a superb run up, tested it previous highs
it is currently stretched on daily charts.
can see some minor corrections to 480 zones
it tends to correct to 20 dma before it moves up again
trade accordingly.
ICICI Prudential Life Insurance Company Limited is a life insurance company, which is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. The Company provides life insurance, pensions and health insurance to individuals and groups. It conducts business in participating, non-participating and unit linked lines of businesses. Its segments include Par Life, Par Pension, Non Par, Annuity Non Par, Health, Linked Life, Linked Pension, Linked Health and Linked Group. It offers term plans, such as ICICI Pru iProtect Smart; unit linked insurance plans (ULIPs), such as ICICI Pru Wealth Builder II and ICICI Pru Elite Life II; child education insurance plans, such as ICICI Prudential SmartKid with Smart Life; retirement plans, such as ICICI Pru Easy Retirement; traditional savings/money back plans, such as ICICI Pru Cash Advantage and ICICI Pru Savings Suraksha, and Health insurance. It offers products on retail, mortgage and group platforms.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
ICICIPRULI
