In this analysis, we will explore key technical indicators and chart patterns that suggest ICICI Lombard GEN may be poised for a favorable uptrend. We'll delve into the factors contributing to the positive sentiment surrounding the stock.
Reasons are listed below :
The 1410 levels underwent multiple tests before the price eventually broke through....
📈 Exciting Chart Analysis Alert! 🚀
🔍 Chart Analysis: ICICIGI - Monthly Time Frame 📊
🚀 Potential Rounding Bottom Breakout!
📉 After a prolonged downtrend, ICICI General Insurance seems to be gearing up for a major turnaround! 🔄 The chart is painting a beautiful rounding bottom pattern, indicating a potential reversal.
🔥 Trade Setup:
CMP (Current Market Price):...
Add the dips and wait for new ATH. Closed well above the marked resistance zone and confluence VWAP green line.
Your SL and your target. I will be holding this for long. May test your patience
📈 Unlocking Market Magic with Double Doji: ICICIGI Edition! 🚀💹
Dive into the thrilling world of trading as we unveil an exciting strategy using not one, but two Dojis in the battle-tested domain of ICICIGI! 🏦✨
📊 Current Market Price (CMP): ₹1690
🛑 Stop Loss (SL): ₹1600
🎯 Target: ₹1777
#ICICIGI
“ICICI Lombard General Insurance Co Ltd” - Stock is in an uptrend inside this parallel channel.
Also breaking out of the diagonal trendline. I think a pullback towards buy zone as in chart can give good potential returns. Long-term target zone also on chart.
In ICICIGI an up move is expected till 1650. This stock has given a strong breakout and the breakout is also backed by huge volume. This stock can give you a return of around 195 point which is around 13.42 from 1454.85 and also a Risk to Reward Ratio of 1:4.42. You can definitely go for it but only after considering the risk first.
FOLLOW FOR MORE!!
A failed breakout with price now below support calls for bearish movement with SL close to the current price so good levels for short position in short term.
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
A multiple chart pattern like Trend Line B/O and a distinct Cup and Handle suggests that the counter entered in a Bulls Territory. 1440 is a line of demarcation. Can be traded with this SL on a weekly chart.
ICICI bank already given breakout of weekly resistance currently at daily time frame resistance once broke out we could see next FIB level as market promising for bullishness after breakout and retrecement i feel it can be long with safe SL of retest support level.
