Key Points
Gaurav Bissa recommends a buy on Reliance Industries, which has given stability and a strong push to the markets..
He also suggests a sell call on ICICI Prudential due to consistent lower top, lower bottom formation..
Bissa believes the market is stock-specific and recommends a blend of large and midcaps..
The charts of ICICI Prudential on daily time frame show a consistent lower top, lower bottom formation.It has reversed from falling channel pattern and so it is a safe sell...
It has given a good breakout, consolidation breakout and from here on, we can see not just the upside but we may also see a strong outperformance because overall if you see, it has been underperforming Nifty but that can change from now going forward, with targets of Rs 3,000, almost 10% higher from here..
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