Stock of the day : ICICI Prudential Life Insurance Comp Ltd For Target Rs. 565 - Religare Broking
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ICICI Prudential Life Insurance Comp Ltd
* ICICIPRULI has been in corrective phase from past more than 7 months but now it showing some sign of trend reversal.
* It has registered a breakout from the descending channel with noticeable volumes.
* Stock has reclaimed above its long term moving average i.e. 200 DEMA compliments bullish bias on price.
* We thus recommend creating fresh longs in the mentioned range.
Buy ICICI Prudential Life Insurance Comp Ltd CMP 538.00; Range 537-540 ; SL 524; Target 565
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SEBI Registration number is INZ000174330
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