ICICIGI - A comfortable Triple bottom pattern

Analysis:

This chart indicates a potential triple bottom pattern, which is a bullish reversal pattern. This pattern typically forms after a downtrend and suggests that the stock may reverse its trend upwards.


Support: The triple bottom is forming around the 17880 level, indicating strong support at this price.

Resistance: The immediate resistance level is around 1,879.95, with a stronger resistance at 2,000.00.

The formation of a triple bottom is a positive sign, but confirmation at resistance through a breakout with high volume is crucial before taking a buy position. Monitor the price action around the resistance levels and moving averages for additional confirmation signals.