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Price and trend forecast of ICICIPRULI for Tomorrow, Weekly, Monthly

ICICI Prudential Life Insurance Company Limited

Symbol: NSE:ICICIPRULI

ISIN: INE726G01019

588.15

As on 2024-04-19

420.00 (52W Low) 640.85 (52W High)

ICICIPRULI's Today's Performance

ICICI Prudential Life Insurance Company Limited started the day by opening at 589.00 today 2024-04-19. Its shares reached a high of 595.00 and dipped to a low of 578.60 in intraday. When the markets closed, ICICIPRULI’s stock price settled at ₹588.15 per share. Also check out its key support and resistance levels.

ICICIPRULI Buy/Sell Targets

Tomorrow, sell ICICIPRULI when its price reaches ₹ 588.15 with a stop-loss order at ₹ 596.23. You can set the target price as ₹ 580.07 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ICICIPRULI for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for ICICIPRULI

Downside Targets Value in ₹
Tomorrow Down Target 1 596
Tomorrow Down Target 2 604
Tomorrow Down Target 3 612

Important Levels for ICICIPRULI

Holding Levels Value in ₹
Tomorrow Up Target 1 580
Tomorrow Up Target 2 571
Tomorrow Up Target 3 563
Based on where the stock opens tomorrow, if ICICIPRULI opens on a positive note, our first target will be ₹596. If Target 1 is achieved, we will aim for Target 2 which is ₹604.

But if ICICIPRULI falls below the average value of ₹587.25, you can enter a sell side position with target number 1 - ₹580 and second target - ₹571 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ICICIPRULI

Looking at ICICIPRULI, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ICICIPRULI has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ICICIPRULI is moderate bearish.

Tomorrow's Volume based share price Forecast for ICICIPRULI

ICICIPRULI's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -25%.

Reversal detection for ICICIPRULI

Predicted trend chart of ICICIPRULI tomorrow for price forecast
ICICIPRULI may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹605 in morning tomorrow
Target 1 tomorrow594
Target 2 tomorrow597
Target 3 tomorrow604
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ICICIPRULI's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ICICIPRULI opens on a positive note, our first target will be ₹595.90. If Target 1 is achieved, we will aim for Target 2 which is ₹603.65.

But if ICICIPRULI falls below the average value of ₹587.25, you can enter a sell side position with target number 1 - ₹579.50 and second target - ₹570.85

ICICIPRULI's Weekly Targets
1st Up Target 615.73
2nd Up Target 643.32
1st Down Target 569.58
2nd Down Target 551.02

As the week for ICICIPRULI ended on bearish sentiments, we can expect further continuation of this sentiment. ICICIPRULI's initial target will be 615.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 569.58 in the upcoming week.

Weekly OHLC Values
Open 621.00
High 624.75
Low 578.60
Close 588.15

Week for ICICIPRULI started with an open price of 621.00, and the close was at 588.15. ICICIPRULI reached the highest of 624.75 and dipped lowest up to 578.60 last week. This indicates a bearish sentiment for the week.

ICICIPRULI full month swing targets
Monthly Up Target 1 661.88
Monthly Up Target 2 689.47
Monthly Down Target 1 523.43
Monthly Down Target 2 458.72

Targets of ₹661.88 can be expected to be reached in the coming month. Once ICICIPRULI achieved this target, we can aim for the next upside target of ₹689.47.

ICICIPRULI if fails to hold upside, down targets of ₹523.43 and ₹458.72 can be achieved by end of this month.

For complete three weeks if ICICIPRULI is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ICICIPRULI

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

ICICIPRULI is expected to reach the target of 595.90 in tomorrow's trading session.

After achieving the initial target in ICICIPRULI, we will aim for higher targets of 603.65 tomorrow.

However, if ICICIPRULI starts to trade below ₹587.25, then we will shift our focus to the sell side and aim for down targets of 579.50 and 570.85.