Technical Breakout Stocks: How to trade RIL, M&M and ICICI Bank on Monday?

economictimes.indiatimes.com:

Nifty50 closed below 22,200 levels.

Sectorally, buying was seen in telecom, capital goods, realty, consumer durables and industrials while some selling was seen in oil & gas, public sector and energy stocks.

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Stocks that were in focus include names like Reliance Industries which was up nearly 1%, ICICI Bank pared gains after hitting record high and M&M closed with gains of nearly 1% to hit a fresh record high on Friday.

We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.

We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:

4 PSU stocks look attractive at current level, for others wait for 5-10% dip: Kunal Shah

Analyst: Virat Jagad, Technical Analyst at Bonanza Portfolio Ltd

ICICI Bank Ltd.
A bullish trend is evident in ICICI Bank as it experiences a breakout from an Ascending Triangle pattern on the daily timeframe. The price is currently at its peak, forming a lower wick candle that signals buying interest at the lower range.

The security found support above the 21-day EMA, and the price is consistently trading above both the 21 (fast moving average) and 50 EMAs (slow moving average) —