Broken Trend line and Failed Top ICICI Pru rejection with failed top on higher level also broken trend line if retrace it may reach 500 or expect target around 460
lets see..
ICICIPRULI trade ideas
Long OpportunityHello Traders, there is an opportunity in insurance sector with ICICIPRULI, i thing we must go long with, what i have seen that it has been concolidated in a range between 468 to 472 from lower side and same range must keep the SL & move upward for the profit booking area, have a save trading. Good luck!!
ICICIPRULI,
Here is 200SMA in Green colour and 50 SMA in Red, Resistance Trendline in Black
Two Fibonacci Levels Also at current levels Marked in circle.
And All Fibonacci levels are mentioned in chart as black horizontal lines they always act as support and Resistance.
One can Buy at CMP or in Dips with SL of 485
Note. It would be Full Bull Only Above 503.60
Targets can be 511, 523 and 537
Disclaimer
I am not SEBI REGISTERED Analyst
My Studies are Educational purpose only
Please consult with your financial advisor before trading or investing
Investment accumulationBuy stock in SIP mode...
look like go up to 455-460....
buy small quantity and go more add more...
ICICIPRULI - WatchICICIPRULI is trading in parallel channel on daily chart & clearly see following trend.
Incase if continue trend line - next target will be 460 and next will be 400 levels.
However after budget and reversal from bottom line of parallel channel - possible uptrend will continue.
Add to watch list and Trade cautiously .
ICICI Prudential - ShortICICI Prudential CMP - 499.05
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 495 ONLY / Stop Loss 508
Target 1 - 491
Target 2 - 488
Target 3 - 484
Disclaimer: This is my view and for educational purpose only.
ICICIPRULI - Trendline Whatch ICICIPRULI breaking long term trendline
Take trade appropriately with the direction...
Go long if open flat or almost flat and cross level Go long if open flat or almost flat and cross level
Go short if open flat or almost flat and cross levelFormed double top in 60 min, Go short if open flat or almost flat and cross level
sell first if trend line break and then buy from downsell first if trend line break and then buy from down
ICICIPRULI-Double Bottom and FlagICICIPRULI has double bottom on daily chart and broken neckline , Also has flag on 4hr TF. Two bullish pattern in higher timeframe. A must buy for positional. Targets on chart...
