SWING IDEA - ICICI LOMBARD GEN
Updated
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 :
Target - 1490 // 1611
StopLoss - Daily close below 1370
Reasons are listed below :
- The 1410 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels.
- Hammer candle (positive sign) on a very crucial support zone.
- 50EMA support on daily timeframe.
- 0.382 Fibonacci support.
- Stock price is above 50 and 200EMA i.e the trend is intact.
Target - 1490 // 1611
StopLoss - Daily close below 1370
Trade closed: target reached
1st target done.We got 5.07%.
Trade closed: target reached
2nd target done.we got 13.6%
stock made a high of 15%++
Trade closed: target reached
price made a high of 22%+Note
strong bullish engulfing candle with highest ever close.HOLD !!
Note
made a high of 25%++Note
Achieved 31%++Note
Achieved 35%++Note
Achieved 40%++Note
new all time high!Note
Achieved 53%++
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