ICICIPRULI trade ideas
SHORT ICICI PRU BEARISH ENGULFING PATTERN
UPWARD TREND LINE TOUCH
GOOD RISK/REWARD
STOPLOSS ABOVE CANDLE WICK
Mid To Long Term View On ICICIPRUTechnical Overview of ICICIPRULI: Currently the stock is trading at 463 and around the same levels stock has made previous top i.e. 07th May 2018. After that stock has started to trade in “Lower Low – Lower High”. In the first week of February 2019, stock has bottomed out around price 283 and given confirmation by Bullish Engulf. On 01st April 2019, the stock price has given breakout to previous Lower High and started to trade in “Higher High – Higher Low”. The stock has touched the same price level in the last week and completed Cup. Now we are expecting small pullback till 445 to complete the Handle and plus point is today stock has created Inverted Hammer on a daily chart. Once we will get 100% confirmation of Cup & Handle with breakout then we will go for 500 and more.
However, we don’t want to miss small opportunities. Buy on dips till 445 i.e. near support of daily chart. Looking target of 465 with a stop loss of 430. If big dip comes then we can buy around next support i.e. 415.
ICICI PRUDENTIAL LIFE INSURANCEEntered in reversal zone. Hanging man in 30 min time frame. High chances for reversal
Safe players can short only if the candle closes below 472.25 (candle closing basis)
Sell Ipru life IntradayHare Krishna!
Selling here
Looking to close with small profit by end of the day
Good Luck
ICICIPRULI Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
#ICICIPRU CASH : LOOKS GOOD ABOVE 472.10#ICICIPRU CASH
02 OCT 2019
LOOKS GOOD ABOVE 472.10
STOPLOSS 466
TGT 478-480/487
CMP 466.85
ICICIPRULI - Bearish Shark - 1W TFBearish Shark pattern on Weekly Chart of ICICI Prudential Life Insurance. SELL 487-488, SL 510.1, Target(s) - 465, 460.
Breakount in ICICI PrudentialI have marked 2 trend lines on daily chart.
It didn't break below the bottom one trend line, but it broke the level of upper on trend line with good volume that gives the breakout in the ICICI Prudential
I have marked multiple support & resistance levels on the charts those could be the possible target and stop loss levels.
ICICIPRULIFE1) Formed evening star
2) look for bearish signs below 421 in lower time frame target T1 410 based on momentum target T2 420
ICICI PRU - SHOW PRUDENCYICICI PRU HAS ACHIEVED THE TARGET 420 (POST ON 19JULY) AND IS MOVING WITH HEAVY BULLISHNESS.
THE NEXT TARGET IS PLACED AT 454 WHERE IT IS LIKELY TO ENCOUNTER A HUGE RESISTANCE.
NO NEW INVESTMENT IS PRUDENT.
IF POSSIBLE ONE MAY CONSIDER BOOKING PARTIAL PROFITS / COMPLETE EXIT AT THAT LEVEL.
ICICIPRULI SHORTNSE:ICICIPRULI
Only for education and information purpose. Should not be taken as a trading call
CHART BY HARMONIC LEARNING AND EARNING
Twitter @NPratap2006
#ICICIPRULI
SHORT RANGE 439 TO 441 SL 463
T1 413 BOOK 75% T2 396 BOOK BOOK ALL OR USE TSL
Bearish - Anti Cypher/Butterfly - ICICIPruli -D Bearish - Anti Cypher/Butterfly - ICICIPruli -D
PRZ: 421-424/436-439
