Icicipru
ICICIPRULI - Elliott Wave CountThis is an update to the previous post!!!
ICICIPRULI - Elliott Wave Count
It appears that ICICIPRULI is in wave C of 4 and to reach the range of 500 in the coming days. Then we can see a good impulse wave 5 towards 600 and beyond. Please note that we have placed our stop loss at the level of 485. This means that if the price drops below this point, we will exit the long position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:ICICIPRULI BSE:ICICIPRULI NSE:ICICIPRULI1!
ICICIPRULI - Elliott Wave CountICICIPRULI - Elliott Wave Count
It appears that ICICIPRULI is completing wave 4 and we can anticipate wave 5 to reach the range of 670 to 700 in the coming days. Please note that we have placed our stop loss at the level of 512. This means that if the price drops below this point, we will exit the long position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:ICICIPRULI BSE:ICICIPRULI NSE:ICICIPRULI1!
ICICIPRULI BO, Bulls win the fight, Lets see 😍NSE:ICICIPRULI
#ICICIPRULI shared yesterday as a rounding bottom, after a good fight @ resistance, bully won and price closed above the resistance level.
Sustaining price above the resistance level may give good momentum in stock.
Don't forget to keep in your watchlist 👍
ICICI PRUDENTIAL - at imp supportIcici Prudential is at multi-timeframe support.
The structure of the stock is still maintained of higher highs and higher low, hence if this support {530-520} is held, chances are high that the correction we are seeing in the stock since 700 levels might end and stock may resume its bigger trend ( uptrend).
Disclaimer: Not a Recommendation to trade.
ICICI PRUDENTIAL - Price Action Analysis NSE:ICICIPRULI has already been generated Bullish Harmonic Bat pattern level of .886 at price 540.
Trend reversal confirmation only comes when price will hold 540 and above level and generates HH- HL.
BUY : Buy will only happens if price retests S1(523-543) level again and creates reversal candle with good Volume .
SELL : Any rejection candle at resistance level with confirmation will generate sell opportunity.
ICICIPRULILooks like beginning of new impulse on Hourly time frame
One can go Long now or in dips with stoploss of 540
All the key levels are mentioned in chart with Stop-loss and Targets
Elliotts view
Key Levels are Mentioned on chart
Bollinger
Weekly MACD
Hourly MACD
DMI ADX UNGALI POSITIVE
RSI in daily above 60
RSI in hourly above 60
ICICIPRULI - Inside Bar - NR4 & NR7 - Next level and support#ICICIPRULI closed over 20EMA strong support and formed the Inside Bar and also become NR4 and NR7 candle. watch the Gap UP/DOWN opening tomorrow.
Showing Mix result in Technical Parameter:
CCI is treading UP
RSI is treading UP
Stoch is treading down
ATR is decreasing since 7 days.
New Long position created
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Support : 412 and 405 and 400
Breakdown : 417 (OR Gap down opening)
LTP : 423.75
Breakout : 430 (OR GAP UP opening)
Short Target : 440 and 450
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Positive & Negative Point:
1) Bullish in Daily chart.
2) Bullish in Weekly chart
3) Bullish in Monthly Chart
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(Disclaimer: This is only for educational purpose and paper treading.)