Here's the **technical analysis** for **ICICI Prudential Life Insurance (ICICIPRULI)**
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### 📝 **Technical Analysis – ICICI Pru Life (Daily Timeframe)**
**Pattern Identified:** ✅ *Cup and Handle Breakout*
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### 1. **Chart Pattern Overview**
* A **classic Cup and Handle pattern** has formed and confirmed a breakout.
* The breakout happened above the **₹622** resistance level — this is now a **support**.
* The pattern signals a **bullish continuation**, with increased demand post-breakout.
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### 2. **Volume Analysis**
* Volume spiked significantly during the breakout from the handle, suggesting strong **institutional participation** and high conviction buying.
* Volume > 850K, well above the 20-day average — a **positive confirmation**.
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### 3. **Price Action & Strength**
* Stock is currently trading at **₹658**, comfortably above the breakout zone.
* Strong follow-up candles indicate **momentum continuation**.
* No signs of bearish reversal or heavy profit booking.
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### 4. **Target Projection**
* **Cup Depth** = ₹89.80
* **Breakout Point** = ₹622
* **Target Price** = ₹622 + ₹89.80 = **₹712.00**
➤ Potential upside: **8%** from current levels
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### 5. **Support & Stop-loss**
* **Support** = ₹622 (previous resistance)
* **Aggressive Stop-loss** = ₹640
* **Conservative Stop-loss** = Below ₹622
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### 6. **Trend & Sentiment**
* Overall trend is **bullish**, and the stock has broken out of a multi-month consolidation.
* Sentiment is turning favorable with improving volumes and structure.
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### ✅ **Conclusion**
* **Pattern**: Cup and Handle Breakout
* **Target**: ₹712
* **Current Price**: ₹658
* **Support**: ₹622
* **Action**: **Buy on dips**, with SL below ₹622 for swing targets.
---
---
### 📝 **Technical Analysis – ICICI Pru Life (Daily Timeframe)**
**Pattern Identified:** ✅ *Cup and Handle Breakout*
---
### 1. **Chart Pattern Overview**
* A **classic Cup and Handle pattern** has formed and confirmed a breakout.
* The breakout happened above the **₹622** resistance level — this is now a **support**.
* The pattern signals a **bullish continuation**, with increased demand post-breakout.
---
### 2. **Volume Analysis**
* Volume spiked significantly during the breakout from the handle, suggesting strong **institutional participation** and high conviction buying.
* Volume > 850K, well above the 20-day average — a **positive confirmation**.
---
### 3. **Price Action & Strength**
* Stock is currently trading at **₹658**, comfortably above the breakout zone.
* Strong follow-up candles indicate **momentum continuation**.
* No signs of bearish reversal or heavy profit booking.
---
### 4. **Target Projection**
* **Cup Depth** = ₹89.80
* **Breakout Point** = ₹622
* **Target Price** = ₹622 + ₹89.80 = **₹712.00**
➤ Potential upside: **8%** from current levels
---
### 5. **Support & Stop-loss**
* **Support** = ₹622 (previous resistance)
* **Aggressive Stop-loss** = ₹640
* **Conservative Stop-loss** = Below ₹622
---
### 6. **Trend & Sentiment**
* Overall trend is **bullish**, and the stock has broken out of a multi-month consolidation.
* Sentiment is turning favorable with improving volumes and structure.
---
### ✅ **Conclusion**
* **Pattern**: Cup and Handle Breakout
* **Target**: ₹712
* **Current Price**: ₹658
* **Support**: ₹622
* **Action**: **Buy on dips**, with SL below ₹622 for swing targets.
---
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.