ICICI Securities - Swing Long SetupThe 15-minute candle has already broken the entry zone of 838.75 , confirming the entry price at 839.70 . Here's my trade plan moving forward:
Entry Price: 839.70
Stop Loss: 821.90 (Valid only if a daily candle closes below this level)
Target: 872.45
Now that the entry is confirmed, I'm looking for momentum to carry the price towards the target of 872.45 . The stop loss will only trigger if we see a daily candle close below 821.90 . Until then, I’ll hold the position and monitor how it develops.
Disclaimer: This isn’t financial advice—just sharing my thoughts for educational purposes. Manage your risk carefully and trade safe!
Icicisecurities
JPPowerJppower is a hero or Zero stock (highly risky bet can become zero)
Reasons for selecting this stock:
1.Technically forming Head and Shoulders pattern target could be RS10 minimum 1yr holding
And longterm (3yrs target -25)
2.jppower management continuously putting lot of efforts to reduce debt and their efforts are reflected in their hardwork .
3.JPPower management and ICICI securities reduced debt from 11000crs to 5000crs through Debt Restructuring method in 2020 and Again reduced 299.51crs debt this year(March 2021)so Net Debt remaining (5000crs-299.51crs=4700.49crs approx)
4.ICICI Securities has approx 12% stake in jppower which is a positive indication.
ICICI Securities Ltd. Nice Bullish setup imo. $ISEC #ISEC Chart suggesting multiple bullish views. A nice elliot 5 wave pattern seen, bounce from 0.61 FIB, the red line showing bullish divergence, positive Q2 results, the black trend line showing uptrend intact and a bullish golden cross of 50x200 dma. my T1 335ish, T2 350ish and T3 390ish. A perfect positional long setup IMO.