ICICIPRULI trade ideas
ICICI Pru: Perfect Opportunity to Attempt a ShortICICI Prudential rallied hard over last few days on back of strong quarterly numbers. It is showing very preliminary signs of reversal from a zone where it had formed a top multiple times in the past. Worth attempting a short as stop losses are tight and rewards can be big
ICICIPRUNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Vishwa//@version=2
study(title = "Amarstock MMI", shorttitle="Amarstock MMI", overlay=true)
len=input(10)
o=ema(open,len)
c=ema(close,len)
h=ema(high,len)
l=ema(low,len)
haclose = (o+h+l+c)/4
haopen = na(haopen ) ? (o + c)/2 : (haopen + haclose ) / 2
hahigh = max (h, max(haopen,haclose))
halow = min (l, min(haopen,haclose))
len2=input(10)
o2=ema(haopen, len2)
c2=ema(haclose, len2)
h2=ema(hahigh, len2)
l2=ema(halow, len2)
col=o2>c2 ? red : lime
plotcandle(o2, h2, l2, c2, title="Amarstock MMI", color=col)
ICICI Prudential Life Insurance Wave 3 startedEasy target 600-50 channel top.
Potential targets 730+, 1.618 fibonacci extensions comes 900+
Agressive targets with SL 432.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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ICICI prulife long
Technical levels marked on the chart risky traders can trade the breakout others can wait for a breakout pullback, since the edge is this evident I don't think it will last for a long time so do decide fast what to do.
there is an iron condor between 530 and 500 maybe wait for short covering by call sellers.
Stick to your Risk Management rules and Happy Trading.
ICICI PRULI - CMP: 477 Cup-N-Handle under formationA very good delivery volume has been seen on the daily chart. It has taken support at its demand zone and reverses upward. It has given trendline breakout on a shorter time frame. It seems like Handel formation is going-on, on a longer time frame. Closing above 538 will confirm the same. In the near term, we expect price movement up to 492, 537. All oscillators are bullish which indicated a good move expected.
ICICIPRULI - Bullish BatICICIPRULI forming a bullish bat pattern. The stock has already given a confirmation for entry.
Note there is also a bullish divergence in hourly charts.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.