On the daily chart stock price has formed "CUP & HANDLE " pattern and has given a breakout on a closing basis
* This breakout is accompanied with an increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue...
Interesting pattern and movement on chart.
ICICI Securites possible break out for 460
Watch or trade at current level with stop loss below 410
Target in sight 460, 492 or may be higher if crossed 500
Keep stop loss moving.
SWING VIEW or Short Term View: High possibility to reach 255+ in cumming days. For few days it is consolidating and we can see symmetric triangle breakout. Safe player can wait for levels of 227+ to enter. For last only month buyers are in total control. However it can also trade in a channel of 230-215 before breaking out.
Hi guys, ISEC good ideas for swing trade long probable can be long term too if the structure break and confirm valid Head and shoulder formation
***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade
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