BUYING RANGE
|
373-376
|
STOP LOSS
|
Below 360 (On closing basis)
|
TARGET
|
410-440
|
TIME HORIZON
|
10-12 Weeks
|
ABOUT COMPANY :
· ICICI
Prudential Life Insurance Company is a joint venture between ICICI
Bank and Prudential plc, a leading international financial services group
headquartered in the United Kingdom.
ICICI Prudential was amongst the first private sector insurance companies to
begin operations in December 2000 after receiving approval from Insurance
Regulatory and Development Authority of India (IRDAI).
TRADING OPPORUNITY :
- ICICI Pru Life is trading near support area of 360-365 from where
it has bounced from 2 times in past, same is visible in above chart. We
are expecting similar kind of bounce back from these support zone and risk
reward is favourable.
- We are recommending strong Buy around 373-376 with Stop loss of below 360 (Closing basis) for Target of 410-440 in next 10-12 weeks.
