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ICICI PRUDENTIAL LIFE INSURANCICICI PRUDENTIAL LIFE INSURANCICICI PRUDENTIAL LIFE INSURANC

ICICI PRUDENTIAL LIFE INSURANC

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ICICIPRULI trade ideas

ICICI Prudential Insurance view for Intraday 19th Nov #ICICIPRULICICI Prudential Insurance view for Intraday 19th Nov #ICICIPRULI Resistance 700. Watching above 702 for upside movement... Support area 680 Below 690 ignoring upside momentum for intraday Support 678-680 Watching below 677 for downside movement... Resistance area 700 Above 690 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:ICICIPRULILong
by vichithra
SWING TUTORIAL - ICICIPRULIIn this tutorial, we analyze the stock NSE:ICICIPRULI (ICICI Prudential Life Insurance Company Limited) identifying a lucrative swing trading opportunity following its all-time high in Sep 2021. The stock declined by nearly 50%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Lows. This Higher Low Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 88% returns in 71 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 724 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in March 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in March 2023. 2. Exit Point: Swing High Levels - 724. 3. Return: Approximately 88%. 4. Trade Duration: 71 weeks. TECHNICAL ANALYSIS CONCEPTS USED: 1. Price Action Analysis 2. MACD (Moving Average Convergence Divergence) 3. Momentum Reversal 4. Trend Analysis 5. Chart Patterns NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:ICICIPRULIEducation
by thepranam
ICICI PRU LIFE S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:ICICIPRULI
by zenthosh
ICICIPRULI - Inv H&SStock has formed H&S within the ascending monthly channel... A breakout abv the Inv H&S would target previous swing high 724 initially to be resisted by the double top After some reasonable consolidation the target is open for the trendline resistance Disclaimer : This idea is for educational/informational purpose only and does not constitute a trading recommendation. Kindly do your research or consult a SEBI registered advisor before investing
NSE:ICICIPRULILong
by Manohar_Shanmugam
BUY FOR TARGET WITH STRICT STOPLOSSInverse head and shoulder pattern in ICICI Prudential Life Insurance Company, risk reward is good. ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's website. It is promoted by ICICI Bank and Prudential Corporation
NSE:ICICIPRULILong
by rajeshpgpg
ICICI Prudential Life Insurance Company LtdTarget given in the chart - SL as per your apetite Fundamentals Market Cap ₹ 86,787 Cr. Current Price ₹ 603 High / Low ₹ 616 / 381 Stock P/E 95.1 Book Value ₹ 76.9 Dividend Yield 0.10 % ROCE 10.0 % ROE 8.45 % Face Value ₹ 10.0 Price to book value 7.86 Intrinsic Value ₹ 80.9 PEG Ratio -7.39 Price to Sales 1.11 Debt ₹ 1,200 Cr. Debt to equity 0.11 Reserves ₹ 9,631 Cr. Promoter holding 73.3 % Pledged percentage 0.00 % EPS last year ₹ 5.65 Net CF ₹ -1,168 Cr. Price to Cash Flow 970 Free Cash Flow ₹ -105 Cr. OPM last year -1.62 % Return on assets 0.33 % Industry PE 44.5 Sales growth 52.0 %
NSE:ICICIPRULILong
by madhu2811