Analyst recommended long positions in ICICI Lombard GI citing breakout from falling wedge and base formation

Thu 8 Oct 2026

Base formation zone

1580-1600

200-day EMA target

1700

Stop loss level

1596

Review level

1730

Heard on business television between 10:39:20 - 10:42:20 IST.

• Sachidanand Taker said the stock saw a breakout from a falling wedge formation with base formation near 1580-1600.
• RSI gave a positive breakout, with expectation of rally towards the 200-day EMA at around 1700.
• Recommended stop loss at 1596 on closing basis, with review near 1730.

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