STOCK : ICICI SECURITIES LTD.
CMP : 563.05 (23/06/2023)
ABOUT : ICICI Securities Limited is a leading Indian financial services company providing a wide range of investment and financial solutions. It is a subsidiary of ICICI Bank, one of the largest private sector banks in India. ICICI Securities was established in 1995 and is headquartered in Mumbai, Maharashtra.
TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME)
(CLICK ON IMAGE FOR CELAR CANDLE STICK CHART VIEW )
OBSERVATION :
As we can see the stock has started to consolidate and forming a DOUBLE BOTTOM pattern on a weekly time frame, however the stock has not give a breakout of its pattern. once the stock gets breakout, further we may expect the stock to get rally towards (25-30%) coming days. above 582 can be good for stock to show upside momentum. good for short term & swing trade.
How DOUBLE BOTTOM pattern works ? ( click here )
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Note : It's important to note that the is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.
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