R-0049 Short Cash Buy ICICIPRULI @436.70-438.7 SL 427.8 TGT 459Short Term Cash Buy ICICIPRULI @436.70-438.7 SL 427.8 TGT 459
Bullish chart pattern cross over with huge volume stay long.
ICICIPRULI
ICICIPruLife has taken multiple support at 20DMAICICI Pru Life Insurance company has taken a support at the 20 DMA multiple times.
The idea is to go long on the stock at the current price of 421.85 with a tight stoploss of 1 ATR ~404.
The stock fell with the overall market today but did not breach the 20DMA support. Some resistance seen at 437 post which its poised to go higher.
This idea is for education only.
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.)
