ICICIPRULI SHARE FOLLOWING DESCENDING TRENDLINE. . 966 is a support level, once stock goes down below this we can sell this trade. . If stock break the trendline on upside then you should avoid the trade. . Short term target as per your comfort below 960 it can goes more down. . What's your view on this comment below in the box.
Looks a breakout candidate on daily chart. From a descending trendline. Resistance/ target zones on chart.
This guy gave a BreakOut after 11.5 years, as we can see in the weekly Time frame it has broken out with a Strong MARUBOZU candle (which indicates a strong bullish candle). We can enter keeping a strict SL below Descending Tl which is 115-113 (risk is as per our appetite). This analysis is just for education purposes. Before entering please ask your financial...