ICICIGI trade ideas
ICICIGI - Bull Flag/Pennant - Short Term SwingThe above analysis is based purely on price action & chart patterns.
The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks.
Trade setup along with Entry levels + SL & Targets are given in image itself.
Traders must do their own study before entering into any trade. They must trade with their own money & risk management.
Feel Free to comment for any suggestion or query regarding price action analysis.
Checkout my other ideas/charts to understand how chart pattern & price action works.
ATH breakout with a solid base and then a retestICICI Lombard formed a strong base between 1100-1300 levels and then broke out. Stock retracted to check the previous ATH and then started moving. Fundamentally, management is saying that there has been improved show in Health and auto segment.
ICICIGI - Cup & Handle Pattern Breakout level retesting - Swing This analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to several weeks for price to reach the given target
Strategy of entry as well as SL & Upside potential is shown in image itself
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
ICICIGIICICIGI volume breakout. Survival above the 52 week high marks it for long term target. even if we go with 1:1 RR it yields good returns.
These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
ICICI Lombard (Will Insurance sustain the weakness ?)ICICI Lombard has not been in a range for a long long time while the market has been giving all kinds of emotions to every trader. Currently it is sustaining within a zone and any breach of the zone might give a good move. Upside is resisted by all the moving averages, with RSI compressing a breakout looks likely to happen.
With US elections approaching this week, volatility is here to stay or likely to go up. With Europe going into Lockdown one after the other and The US recording record number of cases just before elections, things are really looking uncertain. Bitcoin is climbing to a very important level with people's belief of bitcoin acting as a hedge is risen again. Things are very bleak so please trade with caution until things become clearer.
Inverted Head and shoulder pattern on Weekly time - ICICI LombarHello Friends,
Found good opportunity with the Inverted Head and Shoulder pattern for this stock. As the stock is moving slowly towards breakout of the pattern you can estimate to hold the trade for 2-3 months for expected level.
Entry initiated - 1315 , SL - 1274 (41 risk point) , Target - 1600 (285 point - "Blue sky for target after breakout")
Regards,
Satish Haryan
ICICI LombardFirst box target done as marked.
Second box in making.
80 rs is reasonable target.
Since price above 50 and 200 EMA looks very much possible if and when breaks out of BOX.
ICICIGI B@1250 levels (Strong momentum)Stock showing strong momentum since three weeks. and RSI of 50.. stock well above 200 EMA, recent collapse due to 3%sell away. Expected 1400+ in coming weeks.
***However might make right shoulder and take a dip also, so add to portfolio at below 1250 levels.
ICICIGILong and keep stop 3% below to the bottom yellow line .... try to grab some as near as to the bottom yellow line
ICICIGIIs making an attempt at a iH&S pattern above 1200...buy above 1200 with stops at 1130 for potential targets of 1350.
