ICICIPRULI trade ideas
ICICI Pru life on bullish mode.Long ICICIPRULI above 450 TGT 490 SL 426. Bullish candle with closing price above the resistance level is the indicator of strength. entry can be taken only after the BO of Resistance level. This is for your educational purpose only.
Ascending Triangle PatternThe stock is making an ascending triangle pattern and looks good above 453.5 level
ICICI Pru | Play a BounceWe shared the idea to sell this stock a few days back and it has met all our targets. It's time to play a bounce and once can go long from 420-400 levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ICICI Pru Life: Looking weakICICI Pru Life
Closing Price 472.35
Observation
- Prima facie the stock looks likely to have made a triple top around 537
- the stock is trading below it's 20 Day EMA and 50 day EMA
On any rise the zone of 480 -488 may be crucial for the stock. Any rejection in this zone can signal signs of weakness and if 469-463 zone is taken out it may potentially fall up to 447 / 436 / 418 odd levels
Given the set up one may consider the following Bear Call Spread strategy
Sell 480 Call option preferably around 24
Buy 520 Call option around 8
Maximum profit if stock closes any where below 480 on 25 Feb 2021.
Stay cautious if closing is above 485 levels on daily charts.
Take care & safe trading...!!!
ICICI PRULI Short opportunityTrading possibilities for Coming days.
This stock has shown weakness consistently over the last few days and today also it closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
ICICI PRULI Short oppurtunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
update icicpru target achievedA good short trade ...it formed an ihs and achieved my target closing below 438 an take it down further
ICICIPRULI - shortIt made a big red candle on Friday with good volume. may consolidate and fall further
the rsi is yet to get into the oversold zone
the blue lines may act as a supply area.
SL 478
Entry zone - 469-474
Target - 428
Above are spot price- If trading futures do keep a check on spot prices, if trading options keep a watch on premium decay as in second half of month the decay is more than the first half of the month
Happy Trading
MSK
ICICI Prudential - SWING and IntradayStock is at make or break level.
Stock has been rejected at Resistance zone thrice since 2019. Now stock is trying to bounce from support zone 4th time in last 4 months. If bounces from support then target 500 however if breaks the support zone then very good candidate for shorting. Intraday - Short below 457, Swing - short below 455 for targets of 438, 398
ICICI PRUGreat run up since the IPO in September 2016. However since then its trading in a band of 300 - 550.
The Chart indicators are weak. There's twizzer top pattern at the current levels. RSI is near the oversold region, so might stablise before crashing.
The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is Rs 66,000 crore. Should one give 55 x PER for a good stable business but in a fiercely competitive landscape?
I would only buy it at 30-35 PER ...i.e., Price of Rs 300 !!
Icici Prudential Life Insurance chart analysisIcici Prudential Life Insurance chart analysis for intraday and swing trading
ICICIPRULI - Head & ShouldersHead & Shoulders pattern forming on 4H Chart of ICICIPRULI. SELL 454.9, SL 470/500, Target(s) - 440, 425, 415, 400.
Another scenario is, it takes a break around 435-440 levels and bounce back from there on. So sell as above and give it a look after it reaches 440. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
ICICI Pru Next MoveThe stock has formed a bearish engulfing candle on a daily time-frame. If it breaks the previous low, it may go to 450 odd levels, or if low doesn't break we would again see 500 nearby levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
[Bullish BAT Harmonic]: ICICI prudential Life InsuranceShort term swing for ICICI prudential Life Insurance. Analyze and take your call.
Any enhancement in this is welcomed.
