ICICIPRULI trade ideas
ICICI PRUDENTIAL * Up side trend line break out.
* Looking good at this place
* Buy bullish pattern or Retest
* Only educational purposes
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: Good to go LongICICI PRULI is good on fundamentals.
Price action is showing strength. Do keep this stock in your watchlist.
Descending Triangle Pattern in ICICIPRULI - Time to go Long?SYMBOL : ICICI PRU LIFE
Currently trading at long term support zone of 500-510.
A descending triangle pattern in making.
Breakout of this pattern will lead to 545-562 & 580.
Long position can be taken at CMP 514-515 with SL of 500.
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
SHORTSELL ICICIPRULIICICIPRULI- Stock seems to be wk from current trading zone of 545-50 shorting opportunity with an sl of 558 can give a target of 500+ in upcoming sessions.
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 - Weekly AnalysisIn the Weekly Chart of ICICIPRULI ,
we can see that, it is taking support on same level.
Expected momentum is shown in chart.
Stock to watch Trading near support 505/510
Likely to bounce back
It is just an idea
Trade or invest at your own risk
Consult your financial advisor before Trading or Investing.
icicipru buyBuy around 512 upto 507
sl close below 505
easy tg 517
tg2 - 522
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
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.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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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 sellrally base drop set up.. wait for price to reach the supply zone ... it is only for educational purpose and knowledge..
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
ICICI PrulifePrice closed above Gann Levels.
Price above 20-50-100-200 on weekly basis.
HM indicator in buy
Good for long
ICICIPRULIFE BULLISH TRENDStock looks retest support level.
Looking 540 Breakout and Expected Target 560
ICICI PRUDENTIAL ICICI Prudential forming small swing in upside. In further days we expect this at 595 .
icicipru buyBuy from cmp to 527
sl close below 527
easy tg - 535
Disclaimer : This is my personal analysis for study purpose not intended for trading.
