The outlook is bearish for ICICI Securities. The uptrend has reversed after forming a double-top sample. The share worth has been falling for greater than two weeks now. This week the inventory has tumbled over 7 per cent. Bearish shifting common cross overs on the day by day chart additionally strengthens the bearish case. Resistances are at ₹760 and ₹773. ICICI Securities share worth can fall to ₹710 initially.
A break under ₹710 can drag the share worth additional all the way down to ₹670 within the subsequent few weeks. Merchants can go quick now at ₹736. Accumulate shorts on an increase at ₹758. Preserve a stop-loss at ₹775 initially. Path the stop-loss all the way down to ₹730 as quickly because the inventory strikes all the way down to ₹715. Transfer the stop-loss additional decrease to ₹705 when the value touches ₹690. Exit the inventory at ₹680
(Word: The suggestions are based mostly on technical evaluation. There may be threat of loss in buying and selling.)
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