Stock Radar: ICICI Securities breaks out from 4-5 months of consolidation; time to buy?

The breakout from months-long consolidation has opened a path for the stock for potential gains. Analysts advised short-term traders to aim for a target above 900 within the next 6-7 weeks. The stock, which bounced back after testing its 200-DMA, closed at Rs 799 on August 16, 2024. ​The stock is now trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.