ICICI PRU LIFE INS CO LTD
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ICICIPRULI - Buying Time ... Time to Buy?

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ICICIPRULI is consolidating in terms of time for past few weeks now. A clear case of range contraction, stock finds obvious resistances from the 61.8% Fibonacci Retracement at (415-420) zone. A move above this zone will confirm a clear breakout. I will be closely watching the upper border of the yellow channel levels of which are at(440-445). Needless to say, we will notice a similar breakout on the RSI too. On the flip side, a move below 380 negates this entire possibility.

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