Stock of the day : ICICI Prudential Life Insurance Company Ltd For Target Rs.610- Religare Broking
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ICICI Prudential Life Insurance Company Ltd
* ICICPRULI ended its 8 months corrective phase after registering a decisive breakout from falling parallel channel.
* After recent dip, it rebounded strongly finding support around its previous resistance zone and 10 EMA on the weekly chart.
* Following price action combined with positive positioning of the momentum indicator, price looks set to surpass its previous swing high.
* We thus recommend creating fresh longs in the mentioned range.
BUY ICICI Prudential Life Insurance Company Ltd CMP 580.25 Range 578-582 SL 564; Target 610
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SEBI Registration number is INZ000174330
