I'm bullish on ICICI Prudential Life Insurance for a short-term swing trade. The stock is showing strength with a positive trend, healthy Fibonacci retracement, and rising volume support, signaling a potential breakout from its recent consolidation.
📊 Business Snapshot:
ICICI Prudential is one of India’s leading life insurers, backed by ICICI Bank. The company has a strong product mix, digital distribution, and growing assets under management (AUM). It's well-positioned in a sector seeing rising demand for protection and long-term savings.
💰 Financials:
Steady annual growth in premium income, a consistent solvency ratio above regulatory norms, and a healthy embedded value (EV) make it fundamentally stable. Profit margins have remained resilient even in volatile markets.
🎯 Swing Setup:
Target: 3–4.5% short-term upside
Stop-loss: Just below recent swing low
Trend: Positive
Volume: Gradually building
Retracement: Holding key support zones
📈 A compact swing opportunity — best tracked on Excel for SL, target, and position sizing.
📊 Business Snapshot:
ICICI Prudential is one of India’s leading life insurers, backed by ICICI Bank. The company has a strong product mix, digital distribution, and growing assets under management (AUM). It's well-positioned in a sector seeing rising demand for protection and long-term savings.
💰 Financials:
Steady annual growth in premium income, a consistent solvency ratio above regulatory norms, and a healthy embedded value (EV) make it fundamentally stable. Profit margins have remained resilient even in volatile markets.
🎯 Swing Setup:
Target: 3–4.5% short-term upside
Stop-loss: Just below recent swing low
Trend: Positive
Volume: Gradually building
Retracement: Holding key support zones
📈 A compact swing opportunity — best tracked on Excel for SL, target, and position sizing.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.