ICICI PRULI - CMP: 477 Cup-N-Handle under formation

A very good delivery volume has been seen on the daily chart. It has taken support at its demand zone and reverses upward. It has given trendline breakout on a shorter time frame. It seems like Handel formation is going-on, on a longer time frame. Closing above 538 will confirm the same. In the near term, we expect price movement up to 492, 537. All oscillators are bullish which indicated a good move expected.

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The target of 492 done...

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