The technical analysts have recommended buying Icici Prudential Life Insurance Company with a target price of Rs 515. Today, the current market price of ICICI Prudential Life Insurance Company is Rs 413.15.
The analysts gave the time period of one year when ICICI Prudential Life Insurance Company price can reach the defined target.
ICICI Prudential Life has reported strong performance with NBV margins expanding 680bps YoY/100bps QoQ to 17.5 per cent in 1QFY19, driven by a rising share of protection to 8.2 per cent of APE in 1QFY19 vs. 4.5 per cent last year. During the same period, NBV growth was robust at 34 per cent YoY despite decline in APE. It is also expected that the starting 2QFY19 APE growth will get boosted due to the favorable base, thus aiding further margin expansion as the product mix improves.
Many of us are not aware of what they are doing while trading and it is said that the risk comes from not knowing what you are doing. It is also said that that the fundamental analysis of companies is key to sustainable wealth creation over the long term. To assess the long-term prospects of a company and its competitive advantage you must analyze it fundamentally as well as technically.
There are many indicators used in Technical analysis. The common among them are simple moving averages, exponential moving averages, RSI, MACD, Bollinger Bands etc. All the indicators have different theories behind their evolution and are used differently to indicate the buy and sell signals. These indicators can be used independently or can be used in conjunction with each other. For example the moving averages can be used independently or can be used with RSI. Similarly the RSI can be used independently or can be used along with MACD. Using more than one indicator is a more efficient way than using the single indicator and it gives less false signals.
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