Iciciprulife has Double Bottom on Daily Timeframe, Neckline breakout is due, Bullish Bat at 2 hr Timeframe. 2 Bullish reversal signs with small risk one can take long position...
Dear trader,
If u look at the chart of ICICIPRULI (analysis based intraday only) the ICICIPRULI support at 486 and target 1 at 500 and target 2 at 495 and stop loss at 480
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are...
Hello 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!!
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...
ICICIPRULI 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 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.
