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varun_devadiga

Possible Cup and handle Breakout in ICICI Sec

Long
ICICI SEC. LTD (NSE:ISEC)  
varun_devadiga  
NSE:ISEC   ICICI SEC. LTD
Support and Resistance Trend Lines Cup And Handle icicisecurities LONG cupandhandlebreakout cupandhandlepattern Bullish Patterns longposition volumespike Trend Line Break breakouttrading
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supportandresistance trendline cupandhandle icicisecurities long cupandhandlebreakout cupandhandlepattern bullish longposition volumespike trendlinebreak breakouttrading
Stock has given breakout from its cup and handle pattern with good volume in Daily time frame.

If stock is coming for retest its previous resistance of 540-530 should act as immediate support. For further upside movement, stock has to close above 557.

All the possible targets are marked on the chart. Maintain strict stop loss at 490.

This is just a view, not recommendation to trade. Do your own analysis before making any investment.

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ISEC
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