ICICIPRULI trade ideas
SITTING ON BULLICICI prudential gives a very bullish breakout on many parameters, it breaks a furious horizontal resistance trendline and closed above on that also it breaks a major resistance on relative strength indicator which seems a major resistance was on that. The volumes are indicating muvh bullishness in this stock is coming in coming sessions.
CAUSE OF LONG-:
1-Horizontal resistance trendline breakout.
2- Relative strength indicator breakout.
3- Volume breakout.
4- Combo of breakouts.
YR 2022 Idea #98: Long on ICICIPRULIThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
ICICI PRUDENTIAL : BREAK OUT TRADE SETUPICICI Prudential
1. Trading above all key DMAs 21/50/64/100/200/233 (Both on Daily and Weekly TFs)
2. Approaching potential B/O level
3. Any close above 570 will trigger upside to minimum 10-20% in a short term.
4. Entry above 568 Stop Loss Below 542 (Closing basis) TGT - As depicted with Blue Flags on the chart
ICICIPRU LOOKING A GOOD BUY ABOVE 500The stock has formed a bullish candle and is near previous support. Buy if sustains above 500 for the upper marked targets on the chart until 480 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team