ICICIPRULI trade ideas
icici cup and handle pattern icici cup and handle pattern
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ICICI PRUDENTIAL LIFE trading around good support zone, Can be a good buy candidate around 437-440 level, if it manages to breach this zone may show more downside levels. if it sustain above 437-440 zone, can go for 480 level as target. If day candle closes below 430 can go short for below given levels in chart.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICALITY OF CHART, BEWARE OF NEWS
ICICIPRULI | Intraday | Swing | 1 Hour TFEntry above the day high for swing / intra trade. Breakout retest and confirmation done in 1 hour time frame.
ICICIPRU GETTING READY FOR ANOTHER MOVEThe stock has broken the recent high and looking strong to test marked targets.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ICICI Prudential - Retesting its triangle patternICICI prudential retesting its triangle pattern, so give an entry with appropriate Stop loss only after a bullish candle from its retest
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
[ Positional ] ICICIPRULI Long Betr : R 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 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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Nice Short OpportunityVery nice short opportunity
it is making a head and shoulder and we are looking for a breakout to enter the trade.
Take Profits Levels are marked on the charts.
ICICI PRU- stock is forming an ascending channel pattern.
-Stock break and sustain above 608 Next level to 658/700 levels .
-Support is near 565 level on chart.
ICICIPRU LIFEICICI PRU GOING TO BREAK LIFE TIME HIGH AND MAKE A GOOD HEAD AND SHOULDER PATTERN ON WEEKLY CHART. GOOD BRAKOUT WITH VOLUME HELP THE STOCK TO GOING IN NEW TRACJECOTRY
FUNDAMENTALLY STRONG COMPANY , LONG TERM AND SHORT BOTH LOOKS BULLISH.
ICICIPRULIFEON WEEKLY BASSI AMKING HEAD & SHOUL NSE:ICICIPRULI DER , AND JUST KNOW CROSSING AT LIFE TIME HIGH . BIG BREAKOUT WITH GOOD VOLUME , TAKES THE STOCK IN NEW TREAJECTORY.
