Almost all the charts of the Insurance sector look pretty similar. A lot of cup and handles and multi year breakouts. Some sloping some horizontal.
The sector can continue to see increasing flows with increasing float ( for example Standard Life selling stake today in HDFC Life.)
There could be some flip flops but the structural trend seems a slow and steady up. Becomes a Ride as well as add on dips.
ICICI Lombard – new all time highs,.
HDFC Life – Retest. Stock under pressure due to the block deal. Time for a bottom today and back to all time highs ?
Max Financial Services – Big Cup and Handle and sustaining 650-660 could catch momentum.
ICICI Prudential Life – Sloping cup and handle. Breaks above the 460 resistance of last 2 weeks.
SBI Life – Sloping Cup and Handle.
Starting a new Batch – Analyse with Me – A Practical Approach to Technical Analysis from 16th December for a month.
Read the detailed post - https://nooreshtech.co.in/analyse-with-me
Hear the Video - https://www.youtube.com/watch?v=K92k4V_BAaY&feature=youtu.be
Payment Link – Rs 6000 - https://imjo.in/VcZbwJ
An infographic
Online Video Course - https://www.analyseindia.com/course/onlinetechnicalanalysiscourse/?tab=tab-curriculum
