$ICICIPRULI The stock closed at Rs.642.20 on 23rd May, 2025. It made a 52-week low of Rs.515.45 on 04th June, 2025 and a 52-week high of Rs.796.80 on 01st October 2024. The 200 days Exponential Moving Average (DEMA) of the stock on the daily chart is currently at Rs 620. The stock has demonstrated a steady recovery since hitting its 52-week low of 515.45, establishing a bullish higher-low formation on the daily chart. The recent price action has been particularly noteworthy, with the stock decisively breaking above both its 200-day exponential moving average and the key resistance level of an ascending triangle pattern. This breakout was accompanied by strengthening momentum indicators, as positive divergences in secondary oscillators corroborate the bullish price action. The convergence of these technical factors suggests the emergence of a new uptrend, with scope for further upside in coming sessions. The volume-backed breakout above a multi-week consolidation zone adds conviction to the bullish structure. Therefore, one can accumulate a stock in range of 635-640 for the expected upside of 695-700 levels with S/L below 600 levels.

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