ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD.Buy/Sell/Hold? Short - Mid Term View 15 JUNE 2017 For Trading Positional Funda-Technical Analysis Recommendation

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD.Buy/Sell/Hold? Short - Mid Term View 15 JUNE  2017 For Trading Positional Funda-Technical Analysis Recommendation

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD.

Recommendation: Strong Buy

View : Short to Mid Term

Strategy : ?

CMP : bse cash 437

Commentary:

Clearly the financial services space is ruling the roost of equity markets at this point baring the bad loans ridden banks and excepting the surprising NPA disclosure of state owned Power Finance Corporation limited.

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD is one of very good example of the upcoming exponential growth story of financial service sector. The insurance sector in India can be said to be in nascent stage and there is lack of valuation references excepting the Max Financial Services stock which has been also flying high since a year. Apart from that the valuation of insurance subsidiaries of banks have not found their recognization in the respective bank stocks because the way stock market works is that it wants different valuation unlocking actions.

In fact, ICICI PRU LIFE represents a promising view of the entire sector as it is a profit making company.

We clearly recommend a strong and easy buy on this one. The way it has come back is also very promising from short term trading perspective.

The stock will go to 1000 in next 12-18 months and further upside is also not ruled out.

Check out the chart for some visual idea. Click on it to zoom.

Subscribe to www.meghainvestments.com for proper buy/sell, Stoploss, Target Levels and timely updates regarding actual trading in the recommended stocks. 

This is only a brief commentary; you can contact us for complete research, analysis and view on the stock.

Join one of our services for getting regular trading calls in all segments like equity stock cash intraday, positional, index options, index futures, stock futures, stock options and intraday and positional in all of the segments with high accurate less calls with small stoploss and bigger target with personalized service for tracking your profits/losses with us, that’s what we call assured profit services.

Disclaimer: We or our clients may be holding positions in one or more or all of the stocks recommended by us.

Go check out our site for details or email us or call us for detailed discussion.