ICICIPRULI trade ideas
#ICICIPRULICASH LOVER / SAFE PLAYER BUY
POSITIONAL CALL #ICICIPRULI
Buy at 492 (CMP) & use every dip to accumulate for the TARGET of 523, 620+
POSITIONAL TARGET: 654 & 712++
#swingtradingopportunity #positionaltrade #buyshare #financialmarkets #MunafeKiBaat #MarketWithSwadesh
Disclaimer: I'm not SEBI registered. The information provided here is for educational purposes only. I'll not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions
ICICI Prudential Limited Swing & Positional OpportunityNSE:ICICIPRULI
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 453.35
SL :- 418.50 (Closing Basis)
Target 1:- 483
Target 2:- 508
Target 3:- 535 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
[Positional] ICICI Pruli Support BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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ICICIPRU | LOOKING FOR A BOUNCE ABOVE 522ICICIPru is taking support and may show a bounce if sustains above 522 for upper marked targets on the chart. As it's a counter trade, let stock sustain above 522.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Inverse Head & Shoulder PatternThere is a possibility of ICICIPRULI gapping up and falling on results. Positionally it is creating an Inverse Head & Shoulder Pattern on the daily chart, expect a break out around the budget.
Could create candles like 19-20 Oct in short term .
See other studies done in the past, this could be 4/4. Leave a like if you find it interesting.
[POSITIONAL] ICICIPRULI LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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ICICI Prudential - Moving in long term channel Chart is self explanatory. Entry, Targets and Stop Loss (Red line) are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.