ICICIPRULI - Inverse head & shoulder
Look into the shorter time frame for long entry.
Target #1 - 500
Target #2 - 520
Note: Overall market and sector trend (insurance) should follow the same trend in coming days. This will make the trade high quality and high probability of success!
Financials
Insurance
Largecap
With a market cap of ₹64,922 cr, stock is ranked 77
Performance
Avg
Price return has been average, nothing exciting
Valuation
High
Seems to be overvalued vs the market average
Growth
Low
Lagging behind the market in financials growth
Profitability
High
Showing good signs of profitability & efficiency
Entry...
ICICIPRULI
The stock looks like in a decent support zone.
Good risk to reward but low probability setup
CMP 452
LONG
SL FOR Swing Trading 433
For longer term SL can be below 400 and accumulate on dips
ICICIPRULI is just giving out a breakout of a consolidation and overall indian market bias is positive for all stocks , if it opens around 480 or some lower levels you can just buy it for intraday or hold for a week
Break of Trend Line = Done
First HH HL = Done
Stock in compression now
Even after big sell candles all the sellers seems to be absorbed
Above 480 will take the stock back to 500++ areas
Sl can be put below 470
A downward regression channel.
Daily candle is bullish, crossing the mid of the channel.
See the volume, very high.
Most likely price hike will sustain.
Trade: Buy > 474, SL: 471, T: 478/482
Sell < 468, SL: 472, T: 464/460
ICICIPRULI
Key highlights: 💡⚡
📊On 1W Time Frame Stock Showing Reversal of Symmetrical triangel Pattern .
📊 It can give movement upto the Reversal target of above 570+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 865+.
NSE:ICICIPRULI
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
ICICIPRULI
Key highlights: 💡⚡
📊On 1h Time Frame Stock Showing Breakout of Falling broadening wedge Pattern.
📊 Strong Bullish Candlestick Form on this timeframe.
📊It can give movement up to the Breakout target of above 481+.
📊Can Go Long in this stock by placing a stop loss below 460-.
📊 breakout this can give risk:reward upto 1:3+.
ICICI Prudential L is forming a double bottom on daily time-frame, you can go long once it breaks the resistance level (Neckline) i.e 566Rs with good volume. It has also taken a retest from 200EMA of 1D time-frame. Target : 600Rs ⚠️ Place Stop-loss logically // Ignore if the stock opens gap-up. // Trade with your own risk // Trail your stop-loss once it...
ICICI Pru Life formed Channel Pattern
3 Times taken the Support at the Bottom of the Channel
RSI just took off from the Over-Sold Zone, Now at 36
RSI 14 SMA and RSI SMA crossed over
Risk Management:
Stop Loss @ Last Swing Low @ 507.05
1st Target @ 567.95
2nd Target @ 603.95
it has taken support of trending and also it has form reciprocal ABCD harmonic patter. it may retrace till 0.38%-0.50% of point CD. view negated below 508
