ICICI PRUDENTIAL LONGSwing Trading opportunity ! Daily Chart Alert !
ICICI PRUDENTIAL
--Buy Above = 680
--Target = 715 | 750
--Stop-loss = 645
--R:R = 1:1 | 1:2
ICICIPRULI trade ideas
ICICI prudential Multi year breakout and retestKey points :-
1. Multi year bullish breakout & then retested.
2.) Head & shoulder pattern breakout
3.) Rsi making higher highs(Showing strength)
4.) target - 600 in short term, 750++in long run
5.) support 520-500
#Educational Purpose
ICICIPRULI price at Daily Demand zoneBuy ICICIPRULI
ICICIPRULI price is on demand zone and good to buy @cmp. 2:1 trade setup is marked on chart.
Entry -666.5
SL -641
Target - 715 / New higher high
[ INTRADAY ] ICICIPRULI SHORT 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 -Looking WeakICICIPRULI- Will be weak below 660. Consider shorting it. Also trendline will play an important role in resisting it.
ICICIPRULI
Sell-Below 660
Sl-650
T-635 625
BUY BUY BUY@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
ICICIPRULI not going down and after consolidation trying upICICIPRULI not going down , and after consolidation trying to move up, good Higher high , higher low structure (uptrend).
SL target and entry mentioned in the chart
Icici prudential There is a good setup for both swing and intraday if 15 min candle close above 676 we can take long position
Target -723 for positional
Sl -below the breakout candle
ICICIPRULI TRADE SETUP FOR TOMORROWICICIPRULI SHARE FOLLOWING DESCENDING TRENDLINE.
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966 is a support level, once stock goes down below this we can sell this trade.
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If stock break the trendline on upside then you should avoid the trade.
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Short term target as per your comfort below 960 it can goes more down.
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What's your view on this comment below in the box.
[POSITIONAL] ICICIPRULI SHORT BET
risk: Reward ratio is 1: 2
Rest as per Charts
********
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
********
Bullish view on ICICI PrudentialMore upside potential for ICICI
Technical indicators indicate Buying
Only for educational purpose
ICICIPRUMoving in channel and it could break upside as far as Im expecting.
Wait for confirmation and Goo.
Please like and support if you find this analysis any good
correct if somethings could be improved
thanks.
#iciciprudential trending at all time high with volume&momentum#iciciprudential trending with channel at all time high with volume and momentum
weekly has a momentum bullish reverse divergence playing out.
adx trend indicators are also seen rising in strength in all timeframes in bull zones
look like most other stocks in insurance sector also rallying.
ICICI pru life bullish pennantICICI pru life bullish pennat formed possible shown movement up sides. Kindly consult your financial advisor before taking the trade.
ICICI PRU Life - DivergenceNSE:ICICIPRULI
ICICI PRU Life - Divergence formed between price and RSI.
Retracement till T1 - 670 T2 - 610
SL - 730
ICICIPRULI (Trend)ICICIPRULI (Trend)
-Looking at T1(705) T2(730) in the near term
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Please do NOT consider these as trade recommendations.
I' am an amateur and posting these charts helps me understand the market better.
I' am open for suggestions/advice.
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Target achieved in a week ! 4.5% gain!!The stock was given at 656 and it hit the target today of 685. HIT the like button if you liked my analysis and do FOLLOW for more swing trading ideas. For reference, I am attaching the idea below.
