Currently for intraday setup trend is not yet changed.
Till trend reversal the stock is in buy side.
Buy above : 500.55
Target 1 = 505;
Target 2 = 510 ; Stop loss = 493.50
This is our view and analysis, please do your own analysis before taking a trade.
ICICI BANK-VS-ICICI PRU LIFE INS PAIR TRADE
EXECUTE THE FOLLOWING
!!EXECUTE BOTH TRADES!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
ICICI PRU LIFE
The stock is at important resistance zone
Look to sell ICICI PRULIFE using Options.
Option Strike Price : 420 Call Option
Expiry: 29 August 2019 expiry
Current Price : 9
Lot size: 1500
Max profit potential Rs 13,500 per lot
In built loss protection for rise in stock up to 429 till 29th August 2019
Take care & safe...
Support @ Lower Line Of Smaller Channel.
Lower Bolinger Band Support.
Looks Good For December Series.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
This stock has displayed signs of outperformance versus the Nifty50 index recently. The stock has been consolidating in a trading range recently, near the key resistance at 450-460 zone. Am watching this stock with interest and would not be averse to taking long positions if i get a buy signal in intra-day charts. I will add to long positions on a breakout in...