ICICIGI trade ideas
ICICI GI Short Term Reversal TradeThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby along with 200 EMA.
Risk Reward Ratio - 1:1
SL has been placed below multiple major support zones + Lower Trendline + 200 EMA and the target is placed near the upper trendline and swing high.
Icici Insurance - Short Term GainFundamentals of a company is good so no need to worry even though it goes down to 1340 level.
Lets wait for the price to touch the support trendline.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk.
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ICICIGI good to longICICI Lombard is at good level, now trading in a range and waiting for breakout. Safe trader can wait for breakout above 1529 for long trade. Short term stoploss is any two consecutive close below 1440
Resistance:
R1: 1513.18 R2: 1524.70 R3: 1536.23 R4: 1547.75
Support:
S1: 1444.03 S2: 1432.50 S3: 1420.98 S4: 1409.45
Disclaimer:
The views provided solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information presented is for general information purposes only. Although every attempt has been made to assure accuracy, I assume no responsibility for errors or omissions