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Visionary_Growth_Insights

SWING IDEA - ICICI LOMBARD GEN

Long
ICICI LOMBARD GEN (NSE:ICICIGI)  
Visionary_Growth_Insights Updated   
NSE:ICICIGI   ICICI LOMBARD GEN
Trend Analysis Chart Patterns Technical Indicators swingtrading buyzone icici nseindia Equity Technical Analysis india Stocks
3
0
trendanalysis chartpattern indicator swingtrading buyzone icici nseindia equity technicalanalysis india stocks
In this analysis, we will explore key technical indicators and chart patterns that suggest ICICI Lombard GEN may be poised for a favorable uptrend. We'll delve into the factors contributing to the positive sentiment surrounding the stock.

Reasons are listed below :
  • The 1410 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels.
  • Hammer candle (positive sign) on a very crucial support zone.
  • 50EMA support on daily timeframe.
  • 0.382 Fibonacci support.
  • Stock price is above 50 and 200EMA i.e the trend is intact.

Target - 1490 // 1611
StopLoss - Daily close below 1370
Trade closed: target reached:
1st target done.
We got 5.07%.
Trade closed: target reached:
2nd target done.
we got 13.6%
stock made a high of 15%++
Trade closed: target reached:
price made a high of 22%+
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