ICICI Pru Life
CMP 478
The stock has recovered well from levels of 440. And it can be seen from the chart why...
But now is going to be the testing time for ICICI Pru.
The zone of 480-498 may act as a resistance zone. Unable to cross the said zone may suggest rejection at current levels and stock can again dive for a new low in coming weeks.
Target for the current set up 460 / 440 / 412
Keep a SL at 505
Take care & safe trading...!!!
CMP 478
The stock has recovered well from levels of 440. And it can be seen from the chart why...
But now is going to be the testing time for ICICI Pru.
The zone of 480-498 may act as a resistance zone. Unable to cross the said zone may suggest rejection at current levels and stock can again dive for a new low in coming weeks.
Target for the current set up 460 / 440 / 412
Keep a SL at 505
Take care & safe trading...!!!
Trade active:
Stock is right in the middle of the resistance zone after testing upper end of the range
Comment:
Target 1 achieved
Trade closed: target reached:
Target 2 achieved...
