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Stock ideas by HDFC Securities: Buy ICICI Lombard GIC, Oil India

The primary trend of the ICICI Lombard GIC's stock is bullish

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Oil India's stock has formed inverted head and shoulder pattern on the daily charts

Vinay Rajani Mumbai
Buy Nifty for the Target of 10,250; Stop loss: 9,726

Nifty managed to hold above the previous day low of 9,726 and reversed north during the second half of the session. Last week, the index took support on the upward sloping trend-line and 20 day-moving average (DMA). Technically, Nifty is showing the sign of continuation of an upswing after running correction. Any level above 10,050 could push Nifty towards 10,200-10,250 target.

o  BUY ICICI LOMBARD GENERAL INSURANCE (Rs 1,379): | Target: Rs.1,480 | Stop-loss: Rs 1,320

The primary trend of the stock is bullish with higher tops and higher bottoms on the daily

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First Published: Jun 17 2020 | 8:05 AM IST

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