Long-term investors can consider buying the shares of ICICI Prudential Life Insurance Company (₹586.90) at current levels. The outlook is bullish. Supports are at ₹500 and ₹440. An inverted head and shoulder pattern is in the making. This is a bullish pattern. The neckline resistance of this pattern is around ₹623. There is a good chance the stock will break ₹623. Such a break will boost the bullish momentum. The ICICI Prudential Life Insurance Company share price can then surge to ₹900 over the next one-two years. Long-term investors can buy ICICI Prudential Life Insurance Company at current levels of ₹586.90. Accumulate on dips at ₹510 and ₹480. Keep a stop-loss at ₹380. Trail the stop-loss up to ₹610 as soon as the stock moves up to ₹685. Move the stop-loss further up to ₹720 when the price touches ₹810. Book profits at ₹880.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.