ICICIPRULI trade ideas
Buy ICICIPRULIFE for the target of 480 with SL 439ICICIPRULIFE gave a breakout at 440 levels after multiple rejections, now 483 levels can be expected
Perfect Selling Stock for Tomorrow || ICICIPRULILike my post if you agree with my point
This is only my personal view
ICICIPRULI - SWING TRADE - RETEST AFTER BREAKOUTNow is the best time to enter and keep sl below 480. The Target can be very high. Keep your stoploss trailed incase of reversals
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
New Episode Traders class room ( Wave analysis Classes) Hello I have made a small efforts in giving an overview on this script and also made an efforts how we look in the wave analysis
One can take note and invest in Cash ( equity ) and look to book near forecast above 600 ,
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ICICIPruli - At Strong ResistanceICICIPruLi:
At Resistance
Hanging man and Shooting Star formation
Lets take a risk
Short between 480 to 490 with a SL 505
Can fall back till 460
ICICI PrudentialICICI prudential CMP 455 can buy on Dips till 435..Upside 465/475/485/492+..Support 430
ICICIPROLI SPOT VIEWICICIPRULI Spot chart is forming CUP WITH HANDLE pattern. Break out with closing above neckline may give the marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 439 (DCB).
ICICI PRUDENTIALNSE:ICICIPRULI
THIS STOCK IS VERY BULLUSH IT IS GOING TO BREAK WEEKLY RESISTANCE IF IT SUSTAIN THEN HEALTHY TARGET CAN BE ACHIEVED.
Icici Pru life breakout on Daily chartTriangle breakout on Daily chart
Buy @ 480 Target 700
Stop loss 440
Risk to Reward 1:6
ICICIPRULI Can give good move if it breaks channel decisivelyNSE:ICICIPRULI Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. Always wait for candle close..
5. To learn more about patterns and trading... contact us.. Thanks..
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ICICI PRU good long candidateICICI PRU spot CMP 470
Counter have given breakout from inverted head and shoulder pattern on larger time frame.
On smaller time frame have give breakout from cup and handle pattern,,
small hurdle around 487 levels of neckline of medium term cup and handle pattern, if crossed and sustained life time high levels can be seen.
Note :- have already recommended to family and friends around 450 levels.
[POSITION] ICICIPRULI - GO LONG ABOVE 441- 1 Hr Demand Zone
- Bounce from Resistance
- SL as mentioned in the chart
- Broke the downtrend in Daily Frame
ICICI PRU LIFE - CUP & HANDLE Positional longBreak of trendline on daily closing basis can make for a good positional entry for long , size of the cup is approx 260 points and the handle size is around 60 points
Morning star pattern in the forming?Morning star pattern could be formed.
Green candle volume is good thus showing good resistance at support level.
No trade zone between 441 and 445.
Above 445 looks good to go till 458.
Wait for retest to avoid false breakouts.
Note:
1)For educational purposes only.
2)Please check before following.
ICICIPRULI, CUP & HANDLE + CONSOLIDATION (CHART# 382)ICICIPRULI has formed textbook Cup & Handle pattern. To make things more probable, it has been consolidating in a range (DARVAS box) for last 1 week.
Above 461, this can move. Next resistance is 488 zone which can be reached in a day or two once breakout is confirmed.
30 min view
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
