Buy ICICI PRUDENTIAL LIFE INSURANCE COMPANY
|Buy Range||478 – 488|
|Target||510 – 520|
|Duration||12 – 15 Trading Days|
|Potential Returns^||6 – 8%|
|CP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Returns^|
|481.5||BUY||478 – 488||510 – 520||470||12 – 15 Trading Days||6 – 8%|
# CP – closing price on Jan 17, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 496.
^ Potential returns are calculated based on the median of buy range.
Incorporated in 2000, ICICI Prudential Life Insurance Company Limited provides life insurance, health insurance, pension plans, retirement insurance products and pension fund management service to individuals and groups in India. This is one of the first private sector life insurance companies in this country which a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited and commenced operations in fiscal 2001. In Q2FY20 the company’s net profit was improved by 6.04% to Rs.301.84 crore in QOQ basis.
|Sectoral Index||Financial Services|
TECHNICAL OBSERVATIONS (WEEKLY)
- Technically the stock had been moving in a consistent uptrend – making higher highs as well as higher lows on the weekly chart.
- This rally coincides in an Upward slopping channel where the lower end had been tested several times in the past – thereby making it reliable support.
- Presently, the stock price has placed near the lower end of the channel, indicating an opportunity for a BUY trade. Buy low, and Sell High is the strategy here to go Long this stock as per the levels mentioned above.
LIVE UPDATE - POSITION & ACTIVITIES
Follow This Post On Social Media
⭐️ Ultra Equity Advice #107: The share has been moving in an upward sloping channel, and last closing has placed near the lower end of it.— Goodluck Capital (@CapitalGoodluck) January 20, 2020
🔗 Original post: https://t.co/iVdOcZkp5d#technicalanalysis #trading #tradingtips #tradingstrategy #hedgefund #stock #GoodluckCapitalUltra