Stock of the day : ICICIPRULI Ltd For Target Rs.590 - Religare Broking
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ICICIPRULI Ltd
* We are seeing noticeable traction in the insurance space and ICICIPRULI is trading in sync with the move.
* It has been trading in a parallel channel for the last two months.
* It has formed a fresh buying pivot holding above its short term average i.e. 10 DEMA suggests price to inch higher towards upper end of channel line.
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We thus recommend creating fresh longs in the mentioned zone.
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