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/
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.