ICICIPRULI–Short-Term Breakout.Mid & Long-Term Technical Outlook
ICICIPRULI – Multi-Timeframe Technical View
Daily Timeframe | Long-Term Perspective
ICICIPRULI is trading within a well-defined structure and continues to move inside a clear parallel channel, reflecting a healthy long-term trend.
The stock has a strong long-term support zone near 590–610, where:
Volume expanded significantly
Price showed a clear reversal from support
Historically, the stock has delivered returns of ~60% and ~34% from similar structures.
If price action repeats this nature, a long-term upside toward 780 and 940 remains a strong possibility.
Mid-Term View | Structure & Pattern
On the mid-term timeframe, the stock previously formed a falling wedge near the support zone, indicating accumulation.
Post that, ICICIPRULI appears to be developing an ascending broadening formation, suggesting expanding momentum.
Key Levels:
Support: 620–630
Short- to Mid-term Resistance / Target: 680–700
Daily Timeframe | Long-Term Perspective
ICICIPRULI is trading within a well-defined structure and continues to move inside a clear parallel channel, reflecting a healthy long-term trend.
The stock has a strong long-term support zone near 590–610, where:
Volume expanded significantly
Price showed a clear reversal from support
Historically, the stock has delivered returns of ~60% and ~34% from similar structures.
If price action repeats this nature, a long-term upside toward 780 and 940 remains a strong possibility.
Mid-Term View | Structure & Pattern
On the mid-term timeframe, the stock previously formed a falling wedge near the support zone, indicating accumulation.
Post that, ICICIPRULI appears to be developing an ascending broadening formation, suggesting expanding momentum.
Key Levels:
Support: 620–630
Short- to Mid-term Resistance / Target: 680–700
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.