ICICIPruLife has taken multiple support at 20DMA

71
ICICI Pru Life Insurance company has taken a support at the 20 DMA multiple times.
The idea is to go long on the stock at the current price of 421.85 with a tight stoploss of 1 ATR ~404.
The stock fell with the overall market today but did not breach the 20DMA support. Some resistance seen at 437 post which its poised to go higher.

This idea is for education only.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.