ICICI Bank & M_M See Significant Open Interest GrowthICICI Bank
The current stock price is navigating through an ascending parallel channel, demonstrating a strong upward trend characterized by a series of higher highs and higher lows.
Recently, the price has successfully breached the upper boundary of the parallel channel and is attempting to maintain its position above this breakout level.
A significant rise in future open interest—approximately 27%—has been observed for this stock.
This increase in both the stock price and future open interest suggests that major investors are optimistic regarding this stock.
As long as the price stays above the 1300 level, the overall sentiment is expected to remain positive.
Mahindra & Mahindra
The stock is experiencing a robust upward trend, consistently achieving higher highs and higher lows.
During this upward movement, the price has formed a bullish Pole & Flag pattern.
Recently, following a notable breakout accompanied by substantial trading volume, the stock has reached its all-time high.
Additionally, there has been a significant increase in future open interest, which has risen by nearly 16%.
This growth in both the stock price and future open interest indicates that major investors are confident about this stock.
