CONDITIONS FOR TRIANGLE PATTERN:
1. Five wave corrective pattern should form a triangle wave.( A,B,C,D,E – YES FORMED)
2.Triangle wave should have minimum 45 days duration.( YES 45 DURATION PRESENT)
3. Triangle breakout around 70% zone expected. (YES BREAKOUT HAPPENED)
4. At breakout considerable volume should occur.( YES VERY HIGH VOLUME PRESENT)
Its time for long position.
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Stock Ticker – NSE: ICICIPRULI – ICICI Prudential Life Insurance Company Ltd. – FINANCIAL SERVICES
Bullish Trade plan:
Entry Level 403 Target 450 Stoploss 353
Analyst Rating – :4/5
View Posted on 2019-07-28
