Insurance sector getting better.
Icici Pru Life breaking out the neck line of inverted head and shoulder pattern in weekly chart.
Inverted H&S is bullish pattern. Breaking out after 2.34Y
Height of the head is 228.05 which is an ideal target 848.05. Fib retracement 261.8% - 861.8 also comes near to that target.
Pivot target 3 is at 887.05. April month has always rewarded Icici Pru life on an avg 8%
Weekly RSI(34) gave a breakout as well. Latest volume is above moving average as well.
Icici Pru Life breaking out the neck line of inverted head and shoulder pattern in weekly chart.
Inverted H&S is bullish pattern. Breaking out after 2.34Y
Height of the head is 228.05 which is an ideal target 848.05. Fib retracement 261.8% - 861.8 also comes near to that target.
Pivot target 3 is at 887.05. April month has always rewarded Icici Pru life on an avg 8%
Weekly RSI(34) gave a breakout as well. Latest volume is above moving average as well.
