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ICICI LOMBARD GIC LTD
Long
Jul 3, 2023
ICICIGI
0
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At the end of May 2023, prices cleared its down-sloping trendline with a massive gap up.
Weekly RSI also cleared 51-59 zone where it got capped during the bear phase.
Now prices has also cleared the 78.6% FR level resistance.
Prices are now likely to head to its major resistance zone between 1625-1675.
Bullish view remains valid as long as prices stay above the Gap area of 1165-1105.
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