SWING IDEA - ICICI LOMBARD GEN

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 chiuso: obiettivo raggiunto:

1st target done.
We got 5.07%.

Trade chiuso: obiettivo raggiunto:

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

Trade chiuso: obiettivo raggiunto:

price made a high of 22%+

Commento:

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

Commento:

made a high of 25%++