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Iciciprulife

ICICI Prudential Life Insurance Company Ltd - Positional TradeDate : 13-May-2024 Rating : Buy - Positional Trade LTP : Rs. 597.30 Targets: (1) Rs. 640 --> (2) Rs. 680 --> (3) Rs. 724 SL : Rs. 545 on daily close basis Technical View: • NSE:ICICIPRULI is in its primary uptrend and is currently going through it's secondary uptrend. • After re-testing the current secondary uptrend line on 29-Apr-2024, It has again started the upward journey. • NSE:ICICIPRULI has also closed above 20 DMA, 50 DMA and 21 DEMA on 10-May-2024. • RSI crossed over 50 on 10-May-2024 and is trading at 56.10 • MACD crossed over signal line on 13-May-2024 and is trading at -0.56 which is about to cross over the 0. • Looking good to continue the upward journey. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:ICICIPRULILong
by vicky252
Icici pru life technically looking goodInsurance 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.
NSE:ICICIPRULILong
by naraykln