Can go long at CMP 950 SL 930 Closing basis Target 1270 (holding period 8-12 months)
ICICI LOMBARD- Looking short as of now after a runnup/ Strong only above 925.00, Can be shorted at current levels. CMP- 901.70 NSE:ICICIGI
Ideal strategy will be to open short in ladder buy manner or on conformation of rejection from the blue zone. targets are mentioned in green, stop loss just above the previous high. all the best and do share your opinion in comments section.
If today the stock manages to stay above 888 and tomorrow above 892, then the intermediate target will be 1184
on june 23 2018 i publish the icici lombard idea of new trading opportunity in a market . You can check my past few publish idea for my trade idea.
icici lombard wait for break out of cloud
As per daily candle chart, there is clear upside descending triangle breakout. Those who are looking for good investment opportunity can invest in this gem with stop loss below 720. The view here is for short to medium term.