ICICIPRULI & DEEPAKNTR - Breakthrough of the Rounding Bottom

Aug 2

ICICI PRUDENTIAL

• The stock experienced an upward trend, forming an Ascending Broadening Wedge pattern that suggested a bearish outlook.
  
• Following a breakdown, the stock price fell sharply and entered a consolidation phase.
  
• During this period, the stock exhibited progressively smaller price fluctuations, establishing a series of consolidation bases, each one tighter than the last, formation of a Volatility Contraction Pattern.
  
• After breaking through this phase, the price reached an all-time high and is now set to climb even further.
  

DEEPAK NITRITE

• During the upward trend, the stock price established a Pole & Flag pattern, signaling a continuation of the trend.
  
• However, following the breakout, the price underwent a significant consolidation phase, resulting in the formation of a Rounding Bottom pattern.
  
• Recently, a breakout has taken place, indicating that the price is poised for an upward movement.