ICICIGI: Weekly Triangle Squeeze | Explosive Move Expected Soon ICICI Lombard General Insurance Co. Ltd.NSE:ICICIGIrmhetre15BUY Setup 🛡️ Entry: ₹2,040-2,050 (Current Level) Target 1: ₹2,080-2,100 Target 2: ₹2,150-2,180 Target 3: ₹2,250+ (Extended - Post Breakout) Stop Loss: ₹1,975 Technical Rationale: MAJOR PATTERN: Symmetrical Triangle forming on Weekly chart - apex approaching Trading at upper boundary of triangle - breakout imminent (marked "2d 6h") Strong +2.32% gain today showing bullish momentum Volume at 11M - showing increased participation Price testing critical resistance at 2,000-2,050 zone Multiple convergence of trendlines creating decision point RSI around 60 - neutral to bullish zone with room for upside Trading above EMA on higher timeframes Insurance sector showing relative strength Triangle pattern spanning 6+ months - significant breakout potential Support at ascending trendline around 1,975 Risk-Reward: Excellent 1:3+ ratio (much higher if triangle breaks out) Pattern: Symmetrical Triangle on Weekly Chart - one of the most powerful continuation patterns. Breakout from 6-month consolidation could trigger massive move. Strategy: Conservative: Wait for weekly close above 2,060 with volume for confirmation Aggressive: Enter now with SL below triangle support at 1,975 Book 25% at T1 (2,090), 25% at T2 (2,165), hold 50% for major breakout target 2,250-2,300 Key Levels: CRITICAL Breakout Zone: 2,050-2,060 (triangle apex) Strong Resistance: 2,000-2,050 (current battle zone) Extended Targets: 2,250, 2,300+ (measured move from triangle) Major Support: 1,975 (triangle support), 1,900 Timeframe: Weekly chart - suitable for positional/swing trading (weeks to months) Triangle Measured Move: If breaks above 2,060, target = 2,300+ (height of triangle added to breakout point) Volume Watch: Need strong volume on breakout for confirmation Disclaimer: For educational purposes only. Not SEBI registered.