ICICI PRULIFE – Ready for Upside or Trap?ICICI Prudential Life Insurance Co. Ltd.NSE:ICICIPRULIsatyam15ICICI PRULIFE – Ready for Upside or Trap? 🔍 📌 Trade / Swing Setup • CMP: ₹678 • SL: ₹599 • Target: ₹797 📍 Structure & Logic • After a sharp fall, stock failed once at 61.8% Fib and corrected • Now re-attempting breakout from the same zone • Structure suggests two possibilities: 1️⃣ Rounding bottom → direct breakout above ₹678 2️⃣ Inverse H&S → short consolidation, then breakout • Key confirmation level: ₹694 – Sustained move above this = upside confirmed • In both cases, target structure remains same 🧠 View: This is a structure-based setup, not blind bullishness. If breakout comes → momentum follows. If not → expect time-wise consolidation (no panic). ⚠️ Clarification: This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees — sharing for educational purposes only. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.