Triangular Pattern Breakout in ICICIGI
Has formed a rounding bottom consolidation and gave a breakout above 1500-1505.
Recent MACD crossover confirmed by Aug 18 candle closing at 1485.
Also supported by crossover in Stochastic RSI.
Can buy on retest around considering a byy zone of 1495-1515.
Expect a target of 1595-1600 .
The Titan stock has been showing a channel move in a down-trend. It is currently poised around it 100 day EMA and close to break out (BO) from channel trend. If the stock gives a BO then 100 day EMA will act as a strong support followed by 1398 level which would be an ideal stop loss as it has been tested multiple times before. A cross-over is seen to be given by...