The short-term outlook is bullish for ICICI Securities. The inventory has simply made a bullish breakout of its sideways consolidation that was in place since mid-March this 12 months. Help is within the ₹760-750 zone. The possibilities are wanting excessive for the inventory to maintain above ₹750 going ahead. Transferring common cross-over on the day by day chart additionally strengthens the bullish case. It signifies that the draw back could possibly be restricted, and dips shall be purchased.
ICICI Securities share worth can rise to ₹810 within the short-term. Merchants can go lengthy now at ₹772. Accumulate on dips at ₹764. Hold the stop-loss at ₹747 initially. Path the stop-loss as much as ₹782 as quickly because the inventory strikes as much as ₹790. Transfer the stop-loss additional as much as ₹795 when the value touches ₹802. Exit the lengthy positions at ₹810.
(Be aware: The suggestions are primarily based on technical evaluation. There’s danger of loss in buying and selling.)
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