ICICIPRULI trade ideas
ICICIPRU LOOKS WEAK BELOW 532ICICIPrulife looks weak below 532 for the lower marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ICICI Pru: H&S BreakdownIf the breakdown sustains then big fall is on the cards. For any short trade a SL above 540 is good. Targets open
Probable Bo RetestCan turn out to be a reversal candidate, currently at major support and BO retest area.
Note: Not a buy recommendation
at very crucial junctionICICIpru is near to very crucial price level. Neckline of H&S pattern is placed at 539 while 533 is strong support . Any close below this level may drag it further with strong momentum. Rest is detailed at chart. let us wait
disclaimer : this is for education purpose only
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.
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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.
“Intraday” -means You must close this position at any cost by the end of the day.
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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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ICICIPRULI Technical view!Looks good above 621 for targets of 677 and 725 !
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
ICICIPRULIBreakout and retest Done in ICICI pruli traders can go for swing trading or can buy 620CE for Good profit
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.
Educational Price Action AnalysisStocks may give a rejection after a BO then it is more sustainable BO.. In this chart there is BO on daily chart and there is a rejection candle on 75 Min TF.. Stock can go to the next resistance level
icicipru life bullish two possibilities have been shown with arrows either it gives breakout above dotted line directly then yellow arrow will lead way else green arrows will lead the way
good luck
ICICI Prudential Life Insurance ready for the uptrend!🤩💸🔥Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company recently posted the best QOQ & YOY result and will very likely post a similarly strong result in Q3 too.
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The stock had given a multi-year breakout in May last year after that from September it was in a retracement phase. With the recent breakout of the last Lower High in the daily timeframe, we can see a strong uptrend from the present level.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
ICICIPRULICMP: 558
The stock is near the support level.
510-537 is the latest support.
Expectation: 724
LONG ON ICICI PRUDENTIAL Disclaimer: I am not SEBI Registered person This analysis is for purely Educational purpose
If sustained above 582 after retracement
Entry@ 582 around SL 537.6
T1 607
T2 628
T3 651
Risk to reward 1 to 1.5 (MAX)
ICICI prudential#chartkuchkehtahai #tradethechart #longterminvestment #ShortTermTrade
Stock: ICICI prudential
CMP: 583
Target: 675/780/840
Stop loss: 510(WCB).
Note: Educational post, pls do your own research before investing
ICICI PruICICI Pru
Clear double bottom Breakout.
Buy now, Keep adding any and all dips to 560
Keep SL as 540 on CLBS
Target 609/682
Try and hold for 682
Time Frame : 6month- Year
Good Risk to Reward
long fibo support mean reversal near current levels looks good to buy for tgt of 640-732 levels in 1-2 months, keep risk and position sizing in consideration
ICICIPRULI - Swing UpdateICICIPRULI
Buy-Above 570
Sl-533
T-610 645 680+
This stock has given a small up-move from the trendline support. target near 680.
Double bottom near the support trend lineDouble bottom near the support trend line. It corrected a lot and it is ready for the upmove now.
