ICICI PRUDENTILA LIFE INSURANCE COMPANY LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : ICICI PRUDENTILA L

CMP : 511.25 (07-06-2023)

About : ICICI Prudential Life Insurance Company Limited is a life insurance company in India. Established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management business.

TECHNICAL ANALYSIS CHART 👇(WEEKLY TIME FRAME )

(click on the above image for clear chart view)

OBSERVATION :

The stock has created a FALLING WEDGE PATTERN on a weekly time frame & ready for breakout if (1 week candle stick) closes above 510 level we may expect further up side moment near (590,670,730,810) for short term to long term. good to add this stock in your portfolio.

You may add this to your watchlist to understand further price action.

How does FALLING WEDGE PATTERN works? (click here)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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Supriya Lifescience Ltd.| TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

Stock :- Supriya Lifescience Ltd.

cmp :- 260.70

About :- Established in the year 1987, Supriya Lifescience Ltd. is a global leading manufacturer of Active pharmaceutical Ingredients

TECHNICAL ANALYSIS CHART 👇👇(DAILY TIME FRAME )

OBSERVATION : 

• In the chart above, you can see that the stock is in a downtrend, as it is making lower lows and lower highs. (overall stock has made a low of 170) 

• showing a good reversal around 170 levels stock has recently shown a good upside moment & trading near its TRENDLINE around (250-260), once the trendline get breakout above 270 levels stock can show upside moment.

• we may expect (290/320/345/375) levels for short term.

• You may add this to your watchlist to understand further price action.

 You may add this to your watchlist to understand further price action.

How to trade in DOWNTREND?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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MULTIBAGGER STOCKS | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK :- TATA STEEL LIMITED.

CMP:- 107.90 (05-06-2023)

ABOUT :- Tata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines. The company also in the business activities of Steel, Ferro Alloys and Minerals.

OBSERVATION :

• From the above chart we can see that stock has formed a SYMMETRICAL TRAINGLE PATTERN on a weekly chart time frame. 
• If stock gets breakout to its pattern & trading above (111-115) levels we may expect rally upto (140,167,195,220) as per pivot points. stop loss :- 90
• View short term to long term.

Add this stock to your watchlist to understand further price action.

How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

OPEN A FREE DEMAT ACCOUNT

Invest Right, Invest Now

Follow me on Instagram : @priceactiontrader13 for daily updates related to blog.

 

DABUR INDIA LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

stock : Dabur India LTD.

cmp : 557.20

Dabur India Ltd.is the fourth largest FMCG company of the country presently catering to health care,personal care & food segment.

observation :

we can see that stock is trading in UP TREND since 2015 taking a good support to its trend line, if one is thinking to invest in this stock can stay buying above 550 levels for the target of (620,680,750+) for short term.  

However, if the stock gets breakdown to its trendline below(490) we can see further downside move.

 Add this stock to your watchlist to understand further price action.

How to trade in UPTREND ? (CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

OPEN A FREE DEMAT ACCOUNT

Invest Right, Invest Now

Follow me on Instagram : @priceactiontrader13 for daily updates related to blog.

 

SPECIAL SITUATIONS STOCK HIGH CONVICTION | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK :- HOUSING AND URBAN DEVELOPMENT CORPORATION (HUDCO)

CMP :- 60.70 (02/06/2023)

ABOUT :Housing and Urban Development Corporation Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 11,681.09 Crore) operating in NBFC sector.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW(WEEKLY TIME FRAME)

(CLICK ON IMAGE FOR CLEAR CANDLESTICK CHART VIEW)

observation :

We have recently seen some upside momentum building up in the stock, however, the stock is now very close to the ATH resistance. 

However, if the stock crosses the ATH resistance and sustains, we can see some good upside in this stock.

As we can also see a good CUP & HANDLE pattern on weekly chart (click on above image to see the pattern) add this stock to your watchlist to understand further price action.

add this stock your watchlist to understand further price action.

How does CUP AND HANDLE PATTERN works? (click here)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

OPEN A FREE DEMAT ACCOUNT

Invest Right, Invest Now

Follow me on Instagram : @priceactiontrader13 for daily updates related to blog.