ICICIGI - PERFECT SYMMETRICAL TRIANGLE BREAKOUT📊 Script: ICICIGI (ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: Insurance
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 Symmetrical Triangle Breakout.
📈 Right now RSI is around 75.
⏱️ C.M.P 📑💰- 1296
🟢 Target 🎯🏆 - 1412
⚠️ Stoploss ☠️🚫 - 1245
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ICICIGI trade ideas
ICICI LOMBARDHello and welcome to this analysis
In weekly time frame a Bullish Harmonic Reciprocal has been activated which is seeing consolidation in the stock between 1100-1150.
A probable throwback towards 1300-1400 with minor resistance near 1200 could take place.
View would be invalid below 1050.
Please note this is a weekly time frame reversal hence very short term derivative trade is not advisable.
ICICI GI Short Term Reversal TradeThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby along with 200 EMA.
Risk Reward Ratio - 1:1
SL has been placed below multiple major support zones + Lower Trendline + 200 EMA and the target is placed near the upper trendline and swing high.
Icici Insurance - Short Term GainFundamentals of a company is good so no need to worry even though it goes down to 1340 level.
Lets wait for the price to touch the support trendline.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk.
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