ICICI Prudential: Breakout on Strong VolumeICICI Prudential has successfully broken through a key resistance level with strong volume, indicating potential for further upward movement. The stock shows significant bullish momentum, supported by high trading volume, confirming the reliability of this breakout. Traders should watch for continued strength in the coming sessions. Proper risk management is essential, with attention to support levels below the breakout.
Iciciprudential
🔥 20% - 30% Upside Potential | ICICIPRU🔥 20% - 30% Upside Potential | NSE:ICICIPRULI
✅ Buy Level - Rs 510- Rs 520
✅ SL - Rs 475
✅ Target - Rs 568/649/728
✅ Ascending Triangle Formation
✅ Golden Crossover at 1 Day Timeframe
Trade :-
✅ Buy Future Rs 510- Rs 520
✅ Buy Equity
✅ Buy 575 CE @ Rs 10-15 | CMP Rs 13
Look at the chart for more information
ICICI Pruli: Inverted Head and Shoulder pattern on weekly TFStock 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.
ICICIPRULI - Elliott Wave CountThis 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 the long position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:ICICIPRULI BSE:ICICIPRULI NSE:ICICIPRULI1!
ICICIPrudencial Bearish or Bullish ???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%
ICICI PRUDENTIAL - Price Action Analysis 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 level with confirmation will generate sell opportunity.
ICICIPRULILooks 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
ICICIPRULI - Inside Bar - NR4 & NR7 - Next level and support#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 created
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Support : 412 and 405 and 400
Breakdown : 417 (OR Gap down opening)
LTP : 423.75
Breakout : 430 (OR GAP UP opening)
Short Target : 440 and 450
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Positive & Negative Point:
1) Bullish in Daily chart.
2) Bullish in Weekly chart
3) Bullish in Monthly Chart
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(Disclaimer: This is only for educational purpose and paper treading.)