ICICI PRUDENTIAL Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Iciciprudential
ICICI PRU LIFE: Chart set up & strategyICICI Pru Life
CMP 421.20
We recently had recommended a long positional strategy for the stock with a price target of 416 and it has achieved that.
Now we are looking at a longer time horizon and bigger picture
- the red zone has played a crucial role in the past
Given the chart set up one may consider selling either once the orange line is taken out or on rise as closer to the red zone possible
- the target for the set up may be 368 / 336 / 304
This is a positional view
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Alternatively Consider selling 30 July 2020 440 Call Option between 16-24 (CMP 17)
Yield potential 10.5% - 16% till 30th July 2020
The strategy covers loss protection for a rise in price up to 456-464 till 30 July 2020
Take care & safe trading...!!!
