MSA - Blog #mani researchMSA - Blog #mani researchhttps://www.msafs.in/blogs/tag/mani-researchSat, 14 Mar 2026 06:56:53 +0530http://zoho.com/sites/<![CDATA[ICICI PRUDENTIAL MADE A BULLISH ABCD PATTERN]]>https://www.msafs.in/blogs/post/ICICI-PRUDENTIAL-MADE-A-BULLISH-ABCD-PATTERN

ICICI PRUDENTIAL looks to be forming ABCD pattern. In addition on Thursday it takes support on 200 period moving average. The 200-day simple moving average (SMA) is considered a key indicator by traders and market analysts for determining long-term market trends. 

Bearish ABCD Pattern Rules

1.  Point D must be higher than point B.

2.  In the move from C up to D there can be no lows below point C, and no highs above point D.

3.  Determine where D may complete (price)

4.  Determine when point D may complete (time) for additional confirmation.

5.  CD may equal AB in time.

If ICICI Prudential sustains above 445.30 it will give a good up move and we can see levels of  470/490  and if it give a breakdown from 445.30 and sustains below 445.30 it will give a down movement till 407/360.

By :  ROOPALI VAISH

Note: This blog is only for educational purpose .You should be aware of the risk involved in stock market investing .  Mani research is not responsible for any type of loss in financial market. Consult your financial advisor before taking any fresh position 

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