ICICI Pru Life : Horizontal Support Area

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 of below 360 (Closing basis) for Target of 410-440 in next 10-12 weeks.