Icici Prudential share looks like forming HS formationIf goes beyond 460 range then we can consider as a breakout. I had little positions but closed around 450 range. Planning to re enter only after breakout.
HS - Head and Shoulder format.
ICICIPRULI trade ideas
ICICI PRULI 1W Timeframe PROJECTIONICICI PRULI 1W Timeframe PROJECTION
The trend is bullish.
As per Elliott wave theory and SMC Concept both have a bullish scenario
Intraday view for ICICIPRULIIntraday view for ICICIPRULI for today 14th May 2024
Buy entry only above 602 if sustain...
590 below no chance for bulls
Charts for educational purposes only.
Not a Trading Recommendation.
Thanks,
V Trade Point
🔥 20% - 30% Upside Potential | ICICIPRU🔥 20% - 30% Upside Potential | NSE:ICICIPRULI
✅ Buy Level - Rs 510- Rs 520
✅ SL - Rs 475
✅ Target - Rs 568/649/728
✅ Ascending Triangle Formation
✅ Golden Crossover at 1 Day Timeframe
Trade :-
✅ Buy Future Rs 510- Rs 520
✅ Buy Equity
✅ Buy 575 CE @ Rs 10-15 | CMP Rs 13
Look at the chart for more information
ICICI Pruli: Inverted Head and Shoulder pattern on weekly TFStock has made an inverted H&S Pattern on Weekly TF which indicates the bullishness in the stock.
Key resistance levels are still not taken out which requires a closing above 615 level.
Stock may touch its ATH after sustaining above 615 levels.
DISC: Only for educational purposes.
Review and plan for 25th April 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Weekly and monthly breakeout stock or soon to be break outonce cross 647 on closing . then it might have more .....
ICICIPRULI breakoutTarget mentioned on Chart
Disclaimer:- Please always consult with your financial advisor or do your analysis before taking trade
Reverse head and shoulder in ICICI prudentialReverse head and shoulder pattern in ICICI prudential, go long in ICICIpruli
ICICI Pru ready for multi month breakoutICICI Pru ready for multi month breakout, TARGETS ARE MENTIONED IN THE CHART, pLEASE TRADE AS PER YOUR RISK APPETIDE.
ICICIPRULI Swing IdeasICICIPRULI having Inverted Head and Shoulder pattern. Good for Swing and Short term investment. Entry Above - 615
Swing T1 - 630
T2 - 658
Long Term Target - 710
This idea is just for Educational Purposes only . Kindly do ur analysis and invest accordingly.
ICICIPRULI Ready for Breakout-Overall sector looks positive
-The stock is now at Crucial Position where previous sell offs happened and can be seen in charts.
-We are expecting, Breaking weekly high will give some momentum with a volume.
-Targetting 680 and 720 for Now.
ICICI Prulife - Weekly chartICICI Pru Life - Insurance sector company showing traction on weekly chart:
Entry - 580-585
Stop loss - 480
Target - 680, 780
ICICIPRULI // Breaking Out www.tradingview.com
ICICIPRULI : After a long time fall and then consolidation, the stock is ready for a BreakOut event. Although it has broken the up level of 550 and sustaining currently, one should be bullish till the time it is not coming down below 550 level.
Shorting Opportunity in ICICIPRULI: A Regression Channel TradingIntroduction:
In this blog, we will discuss a potential shorting opportunity in ICICIPRULI, a stock listed on the National Stock Exchange (NSE). We will use a regression channel trading strategy to analyze the stock's price movement and identify a possible entry point for shorting.
Regression Channel Analysis:
ICICIPRULI has been trading within a clear regression channel for the past 7 months, with a downtrend direction. The regression channel draw points are at 0.7247, which indicates a strong resistance level. The stock's price has been consistently trading below this level, indicating a potential downtrend.
Fibonacci Retracement:
We have plotted a Fibonacci retracement on the chart based on the last 20 days' depth, with highs of 559 and lows of 464. The close price is currently above the 0.764 level, which is a significant resistance level. The Fibonacci retracement indicates that the stock is in a potential downtrend, and the close price is almost 2% percent down from the high.
Trading Strategy:
Based on the regression channel and Fibonacci retracement analysis, we suggest shorting ICICIPRULI.
However, it's important to be patient and wait for price action on a 30-minute timeframe before entering the trade.
Entry Point:
Look for a bearish candle on the 30-minute timeframe, such as a shooting star or a dark-cloud cover, which could indicate a potential reversal in the trend. The entry point for shorting would be below the lower end of the regression channel, which is currently at 0.7247.
Stop-Loss and Take-Profit:
Place a stop-loss order above the recent high, which is currently at 0.764. This will ensure that your losses are limited in case the trend reverses. Set a take-profit order at a level below the lower end of the regression channel, such as 0.7000. This will allow you to profit from the potential downtrend while also limiting your risk.
Conclusion:
In conclusion, ICICIPRULI presents a potential shorting opportunity based on the regression channel trading strategy. The stock's price movement has been consistently trading below the regression channel draw points, indicating a potential downtrend.
The Fibonacci retracement also supports this analysis, indicating a potential downtrend. However, it's important to be patient and wait for price action on a 30-minute timeframe before entering the trade. By following this strategy, traders can potentially profit from the downtrend while limiting their risk.
ICICI Pru moving in perfect channel
ICICI Pru moving in a perfect channel and this time it is not able to reach upper bound of the channel. Do you think it is gong to go down and make lower low again?
POV @ ICICI PRUICICI PRUDENTIAL gives Long Trend line breakout on 7th June23, and rallied till 13th July then after consolidation creating flag pattern. today, 11th September 23 giving a flag pattern breakout, so I will go bullish if 585 above closed on daily basis. that close give me confirmation of breakout of nearest resistance also. my first target will be recent higher High and after that getting 2nd and 3rd target using fib Extension tool
Icici prudental Long term target 700Icici Prudental share weekly time analysis
this stock weekly correction complete break 0-b trendline
Weekly correction a,b or c complete 13 march 2023 and stock start impulse wave upside
icici prudential start uptrend impulse wave 1,2,3,4 or 5
current time complete wave 4 down side , Wave 4 internal count a,b,c,d or e
price move upside 5 th wave . but b-d trendline not break . this point not confirim correction complete . but this stock main direction upside .
ICICIPRULI for short term rallyICICIPRULI has already made an inverse head and shoulder that is broke out on 4hr timeframe. That means that the bullish trend is already in place. Now it has been forming a symmetrical triangle / wedge at 15 min timeframe, which means a consolidation. After the consolidation is over, the bullish trend may continue. We are going to take the trade to the upside with a strict stop loss.
ICICI PRU Life, Go long above 561 for target of 590-610ICICI PRU Life, Go long above 561 for target of 590-610
Channel pattern in ICICIPRU. Long. With a target 5%ICICIPRU travelling inside a channel pattern.
Long opportunity with a target of 5%
