NSE:ICICIPRULIICICIPruLife is trading near support area of 360-365 from where it has bounced two times in past one year, same is visible in above chart. We are expecting similar kind of bounce back from these support zone and risk reward is favourable. RSI is showing upwards divergence on daily charts.
We are recommending strong Buy around 373-376 with Stop loss ...
Biocon has broken from rising trend line with rising volumes. It has closed below 20 Day EMA. It has also formed lower bottom on daily charts.
One can initiate short position around 1070-1080 levels with stop loss of 1090 (closing basis) for target of 980-1020 in next 8-10 days.
Sun Pharma has given trendline breakout with rising volume at 657. Also Stock has formed higher bottom around 623 and made hight top around 657. So technically its double breakout.
One can initiate long position around 665-668 with stop loss of 623 (closing basis) for target of 731 in coming 6-8 weeks.