technofunda_trader

ICICI Prudential Life Insurance ready for the uptrend!๐Ÿคฉ๐Ÿ’ธ๐Ÿ”ฅ

Long
NSE:ICICIPRULI   ICICI PRUDENTIAL L
Both TECHNICALLY and FUNDAMENTALLY strong stock.๐Ÿ’ช๐Ÿ’ช
The company recently posted the best QOQ & YOY result and will very likely post a similarly strong result in Q3 too.
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The stock had given a multi-year breakout in May last year after that from September it was in a retracement phase. With the recent breakout of the last Lower High in the daily timeframe , we can see a strong uptrend from the present level.
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๐Ÿ’Ž@technofunda_traderโ 
Few Important rules from my Trading Philosophy:โ 
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
โ 5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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