๐ Chart Analysis: ICICIGI - Monthly Time Frame ๐
๐ Potential Rounding Bottom Breakout!
๐ After a prolonged downtrend, ICICI General Insurance seems to be gearing up for a major turnaround! ๐ The chart is painting a beautiful rounding bottom pattern, indicating a potential reversal.
๐ฅ Trade Setup:
CMP (Current Market Price): 1711 ๐น SL (Stop Loss): 1589 ๐ Targets: 2279 ๐ฏ, 2879 ๐ ๐ What's a Rounding Bottom? Imagine the market doing a graceful U-turn ๐ - that's the rounding bottom! It's like the phoenix rising from the ashes, symbolizing a potential shift from bearish to bullish trends.
๐จ Trade Strategy:
๐ Wait for the breakout confirmation. โ๏ธ Place your stop-loss strategically at 1589. ๐ฏ Targets set at 2279 and 2879. ๐ค Why is this exciting?
Rare chart pattern alert! Potential reversal play in a long-term downtrend. ๐ Targets set for an optimistic ride! ๐ Disclaimer: Trading involves risk. Always conduct thorough research and use risk management strategies. Not a SEBI registered analyst.
๐ Your thoughts? Excited about this potential breakout? Share your insights below! Let's discuss and learn together! ๐ค๐ฌ
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.