In the previous session, the Nifty index saw a gap up opening. The index got stronger as the day progressed and closed with a net gain of 158 points. The Nifty formed a strong bullish candle on the daily chart. Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for Monday, April 03,2023‘ before the market opens.

ICICI Prudential Life Insurance Company Ltd

In the last trading day, stock formed a strong bullish candle on the daily chart and closed with a net gain of 2.16%. On the technical perspective, stock formed a ‘Double Bottom Pattern’ on the chart. As per the chart reading, a long entry signal will be triggered only above 442 level. The Relative Strength Index (RSI) on the daily chart is above 60, which indicates a positive bias.

In short, ICICIPRULI has continued to trade in the positive zone. Now a move above 442 will confirm the continuation of the uptrend and open up gates for higher levels towards 497 level. As far as we do not see any closing below 418.60 on the lower side. As the market looks to be volatile, use a trailing stop loss method to protect your profit.

Check More Analysis on ICICIPRULI at: ICICI Prudential Life Insurance Company Ltd