ICICIPRULI trade ideas
ICICIPRULIICICI PRUDENTIAL looks like forming Inverted Head & Shoulder.( I-H&S )
Currently right shoulder is forming. Looks like reversing, but not yet confirmed.
Just a technical pick as Fundamentals doesn't look good.
Need to cross Monthly Resitance to confirm I-H&S breakout. SL & Targets are given as T1, T2, T3.
ICICI PRULI MIGHT GIVE AN UP MOVEICICI PRULI might give a good swing or positional trade
Entry after sustaining between 488-490
Stoploss at 478
targets will be at 500,510,512++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
ICICIPRULI - Hindsight AnalysisA Higher High Higher Low structure on price action is considered as an uptrend.
- In the weekly chart, identify the first break of Higher High after a Lower High.
- Wait for Higher High retest and enter somewhere close to it.
- Cannot expect a stock to test the exact same value.
- Set SL as previous HL or in cases where there are other lows close by, choose the lowest one.
- Calculate the possible loss assuming the stock hits SL
- If you are OK with the calculated loss, enter.
- Trail the SL at every new Higher Low.
- Wait for breakdown of a Higher Low OR Target.
ICICI Prudential - a combination of head and shoulders & double On the weekly chart, there is a tilted neckline head and shoulders and a double bottom created on a recent past few weeks' candles. It is giving a bullish momentum to the stock that can make the stock march towards its all-time high. A perfect volatility contraction is seen from a longer time to higher time.
icici pruli can give a good break outicici pruli can give a good break out if sustains above 547
entry at 547 if sustains properly
Stoploss at 538-39
swing targets like 554,563 and above
Note: if any trade or value thats gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
ICICIPRU trading ideaThe stock has formed a downward channel in the past few days which was retested by the stock. The price is likely to move around in the same direction for the next few days.
however, there is a strong support near the 505price range. If it breaks that support, the idea will be further strengthened. If it takes support, wait for the reversal confirmation
ICICIPRULI | Investment Pick📊 DETAILS
Sector: Life & Health Insurance
Mkt Cap: 76,359 cr
ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's website.
TTM PE : 84.20 (Average PE)
Sector PE : 18.09
Beta : 0.91
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
13.85% away from 52 week high
Underperformer - ICICI Prudential Life Insurance Company down by -5.12% v/s NIFTY 50 down by -1.09% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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ICICI PRUDENTIALStock P/E: 87.4
ROCE: 10%
Company has been maintaining a healthy dividend payout of 17.0%
Rs. 244 Cr Net Profit during last quarter.
Symmetrical Triangle Patterns are awaiting on Daily and Weekly time frame.
Entry: 554
Targets: 584, 615, 645, 676 ++
SL: 522 DCB
Remark: Short Term
Disclaimer: Strictly for educational and learning purpose.
ICICIPRULI | HEAD & SHOULDER BODisclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions.
_______________
Reasons to buy:
1. Stock in Downtrend, forming a good base for reversal
2. Strong Head & shoulder foundation for reversal
3. Long Candle breakout & now CMP is retesting the Neckline
Entry: 526
SL: 514
Target: 550
RR: 2
ICICIPRULI (SWING) 🚀After a good movement ICICIPRULI has a given a breakout at 585.
One can trade add this for swing as a reason looks supper bullish.
CMP-595
Target - 615/680/725/790
SL -555
I have just share my expertise, hope you all earn good profits.
Follow the given levels. this is not a buy/sell recommendation, Just for educational purpose only. Do your research & Invest.