ICICI Prudential Life Insurance Company Ltd. - DAILY CHART!!ICICI Prudential Life Insurance Company Ltd. taking support at the convergence of support zone and 200 SMA.
Likely to stay positive in the near term until it holds 440 level at 200 SMA and further momentum to be seen above swing high of 464.
Technical parameters looks positive as of now.
Keep a watch.
FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
ICICIPRULI trade ideas
ICICI prudential on fib RetracementIts look like icici prudential having pullback recovery fro the yesterday low stock having nice momentum after breakout of 400 stock convincingly trading toward the blue sky territory
Today stock having huge recovery from the yesterday low and try to sustain above all its SMA and it 50SMA act as a support for the stock which is stood at 416.
Buy at 440-450
TGT-(500-510)
Stoploss-416
RISING WEDGE BREAKDOWN - BEARISH SETUPStock has given a clear breakdown from a classical rising wedge pattern.
Accumulation of sellers in the last three sessions can be clearly seen in the volumes. RSI<60 suggests that buyers' have now lost momentum and sellers could be dominant for few coming sessions.
It may retest the above the trendline and then continue the downfall. So wait for the right price action before you enter into a trade.
Discliamer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy investing!
ICICIPRULIBuy ICICIPRULI Between 454 - 456 for a target of 502 Sl 435
Disclaimer: All charts are purely for educational and information purpose only. Any views shared here are strictly not for trading. Please seek your financial advisors assistant/ view before making any investments. I AM NOT SEBI reg. Analysts and not responsible for any profit/loss
Systematic consolidation could give good oppurtunityThe stock has slowly risen in this bull market in its own speed moving in the triangle pattern and breaking and sustaining above 445 which was a resistance and 200 sma on daily charts. If the stock sustains above 450 levels on friday then we may see a new channel in which the stock could move for rest of the month and the next month. 445 on closing basis would mean more pain for the stock. As for the deliverable rate stands it is impressive .
Disclaimer : The analysis is an opinion of mine for the aforementioned scrip. One may consult or do own research before taking a position in the stock.