prepare to big move buy at 1490 trgt-1530++ breakout level near add more on dips.
ICICI Lombard formed a strong base between 1100-1300 levels and then broke out. Stock retracted to check the previous ATH and then started moving. Fundamentally, management is saying that there has been improved show in Health and auto segment.
This analysis is done purely on basis of price action and chart patterns Analysis is done on Daily TF hence it may take few days to several weeks for price to reach the given target Strategy of entry as well as SL & Upside potential is shown in image itself This is not a trade recommendation. Do your own study before entering into any trade. Trade with your own...
ICICIGI volume breakout. Survival above the 52 week high marks it for long term target. even if we go with 1:1 RR it yields good returns. These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
ICICI Lombard has not been in a range for a long long time while the market has been giving all kinds of emotions to every trader. Currently it is sustaining within a zone and any breach of the zone might give a good move. Upside is resisted by all the moving averages, with RSI compressing a breakout looks likely to happen. With US elections approaching this week,...
Hello Friends, Found good opportunity with the Inverted Head and Shoulder pattern for this stock. As the stock is moving slowly towards breakout of the pattern you can estimate to hold the trade for 2-3 months for expected level. Entry initiated - 1315 , SL - 1274 (41 risk point) , Target - 1600 (285 point - "Blue sky for target after breakout") Regards, Satish Haryan
First box target done as marked. Second box in making. 80 rs is reasonable target. Since price above 50 and 200 EMA looks very much possible if and when breaks out of BOX.
Stock showing strong momentum since three weeks. and RSI of 50.. stock well above 200 EMA, recent collapse due to 3%sell away. Expected 1400+ in coming weeks. ***However might make right shoulder and take a dip also, so add to portfolio at below 1250 levels.
CMP 1431 Buy on Dips till 1400 Target 1450/1450/1480/1500++.. Support 1400
Is making an attempt at a iH&S pattern above 1200...buy above 1200 with stops at 1130 for potential targets of 1350.