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Trading calls by Nilesh Jain of Anand Rathi: Buy ICICI Bank, HDFC Life

HDFC Life stock has provided a breakout from a falling channel on the daily chart and the conservative target for the same is coming around Rs 680 levels

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Lal PathLabs' stock has been in a consolidation mode over the past couple of months

Nilesh Jain Mumbai
BUY ICICI BANK 

TARGET: Rs 530 
STOP LOSS: Rs 498

The stock is forming a higher top and higher bottom formation on the daily chart. It is also taking constant support of the centerline of the Bollinger band which is called the exponential moving average and is now heading towards the upper end of the band which is placed at Rs 530 levels. The momentum indicators and oscillators are in the buy mode on the weekly scales which hints at a further positive momentum in the counter. 

BUY HDFC LIFE 

TARGET: Rs 680 
STOP LOSS: Rs 645

The stock has provided a

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First Published: Dec 28 2020 | 7:55 AM IST

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