ICICIPRUNSE:ICICIPRULI
ICICIPRU HAS FINALLY CHANGED ITS GEARS, LET IT CROSS 465 AND SUSTAIN, IT CAN SEE 475 AND 488 ON UPSIDE.
**********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
ICICIPRULI trade ideas
ICICIPruLife has taken multiple support at 20DMAICICI Pru Life Insurance company has taken a support at the 20 DMA multiple times.
The idea is to go long on the stock at the current price of 421.85 with a tight stoploss of 1 ATR ~404.
The stock fell with the overall market today but did not breach the 20DMA support. Some resistance seen at 437 post which its poised to go higher.
This idea is for education only.
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
----------------------------------------------------------
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
----------------------------------------------------------
Positive & Negative Point:
1) Bullish in Daily chart.
2) Bullish in Weekly chart
3) Bullish in Monthly Chart
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)