SITTING ON BULL
ICICI prudential gives a very bullish breakout on many parameters, it breaks a furious horizontal resistance trendline and closed above on that also it breaks a major resistance on relative strength indicator which seems a major resistance was on that. The volumes are indicating muvh bullishness in this stock is coming in coming sessions.
CAUSE OF LONG-:
1-Horizontal resistance trendline breakout.
2- Relative strength indicator breakout.
3- Volume breakout.
4- Combo of breakouts.
CAUSE OF LONG-:
1-Horizontal resistance trendline breakout.
2- Relative strength indicator breakout.
3- Volume breakout.
4- Combo of breakouts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.