raj1688

Buy ICICI Pru above 360+, high risk-reward ratio

Long
NSE:ICICIPRULI   ICICI PRUDENTIAL L
The current price of 345+ is near the bottom with 360+ being the firm resistance level. If it crosses this level with conviction over short term, the potential is quite high due to the higher ceiling of previous cycles going upto +450.
Bottom line
Enter @ 360+
Stoploss -345
Potential + 450
Key resistance on path - 385/ 395 - previous pivots
Risk reward: 15:60 - i .e. at least 1:4 assuming target of around 420 (use trailing stop loss rather than a target)

Overall bullish bias driven by the strong fundamentals of the stock - making it s a very safe bet in an up-trending nifty!
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.