Market Trading Guide: 5 Stock Picks for Monday ICICI Bank, DLF – Stock Ideas

Target price: Rs 900
Stop Loss: Rs 829

As can be seen from the RSI positioning, the stock has fallen into oversold territory on the hourly chart. RSI also shows a bullish divergence on the hourly chart, hinting at a potential bullish reversal. Additionally, the stock appears to be finding support around previous congestion on the daily timeframe. Taken together, the technical setup suggests that the current bearish trend is potentially exhausted and that there will be a recovery in the near term.

(Lupak De, Senior Technology Analyst, LKP Securities)

(Disclaimer: Recommendations, suggestions, views and opinions provided by experts are their own. They do not represent the views of The Economic Times.)