ICICI Pru Life a new listing giving a trend line break out on hourly charts.
Targets of that comes around 345-366 means a new high above the IPO price.
With lots of lots money coming in banks some will also go to insurance companies to save tax under 80c. With only listing company in the life insurance sector likely to benefited by MODI's Demonetization move.
Stop loss of that trade can be kept around 285.
Disclosure: I am not a SEBI certified analyst so please consult your financial adviser before taking any action on this call. Further i do hold the stock in my and my family members account.
Targets of that comes around 345-366 means a new high above the IPO price.
With lots of lots money coming in banks some will also go to insurance companies to save tax under 80c. With only listing company in the life insurance sector likely to benefited by MODI's Demonetization move.
Stop loss of that trade can be kept around 285.
Disclosure: I am not a SEBI certified analyst so please consult your financial adviser before taking any action on this call. Further i do hold the stock in my and my family members account.
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