Stock 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.
This is an update to the previous post!!!
ICICIPRULI - Elliott Wave Count
It appears that ICICIPRULI is in wave C of 4 and to reach the range of 500 in the coming days. Then we can see a good impulse wave 5 towards 600 and beyond. Please note that we have placed our stop loss at the level of 485. This means that if the price drops below this point, we will exit...
NSE:ICICIPRULI trading @ above resistance level which is already tested.
Expecting good move upside and all the potential levels marked.
Show some love and like the chart to support sharing !!
icici prudential share elliot wave analysis
current time stock move upside 5th wave
buy 567
stoploss 552
target 620 or 650
one point note use 2 or 4 trendline vertical chart help find 5th wave top
ICICI pru towards trendline support and confluence with Demand zone as long as not closing below demand zone it is good buy around for short term targets ..lets see
Happy Investing!
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%
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...
Hello Traders, those who want to go long with ICICIPRU go ahead above 707 only with SL680 for the achievable target 805! have a good luck & safe trading!!
Looks like beginning of new impulse on Hourly time frame
One can go Long now or in dips with stoploss of 540
All the key levels are mentioned in chart with Stop-loss and Targets
Elliotts view
Key Levels are Mentioned on chart
Bollinger
Weekly MACD
Hourly MACD
DMI ADX UNGALI POSITIVE
RSI in daily above 60
RSI in hourly above 60
Currently standing on strong support level & and also on lower side of parallel channel.
High probability of bouncing back - however depends on market trend.
Add to watchlist and trade carefully.
#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...
