Stock to Watch Friday – ICICI SECURITIES LIMITED (ISEC)

ICICI SECURITIES

On the daily time framed, ICICI Securities Limitedis sustaining above this breakout level of 220 that remains a positive sign. It has been giving downward channel line chart pattern breakout last two days ago with marginally higher volumes.

The stock is well placed above its 20 day’s SMA which reconfirms upward momentum in the short to medium-term. We recommend traders to take long positions in the range of 217-219 for the targets of 226-234 with stop loss below 209 on daily closing basis.

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