ICICIPRULI trade ideas
ICICIPRULI LONGHead & shoulders pattern formation and waiting for breakout in this particular stock.
Good to enter at 500 levels with minimum target of 50 points in this stock.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
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.
ICICIPrudencial Bearish or Bullish ???1. 1 Day: Delivery volume increased by 42.4% over 5 day average
2. Strong Profit Booking at the Boto of regression channel , can invest 20% in it out of total Insurance sector .
3. Can see some Pull back up trade as shown as per Target levels .
4, Wait for 15 Minuts Cnfirmation Candle
5. Its Buy signal by Trading Indicator . invest 20%
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.