SWING IDEA - ICICI LOMBARD GEN

23 thg 12, 2023

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

27 thg 1

Đóng lệnh: đạt mục tiêu

1st target done.
We got 5.07%.

8 thg 2

Đóng lệnh: đạt mục tiêu

2nd target done.
we got 13.6%
stock made a high of 15%++

1 thg 3

Đóng lệnh: đạt mục tiêu

price made a high of 22%+

8 thg 5

Ghi chú

strong bullish engulfing candle with highest ever close.
HOLD !!

18 thg 6

Ghi chú

made a high of 25%++

3 thg 7

Ghi chú

Achieved 31%++

18 thg 7

Ghi chú

Achieved 35%++

28 thg 7

Ghi chú

Achieved 40%++

17 thg 8

Ghi chú

new all time high!

28 thg 8

Ghi chú

Achieved 53%++