Stock to buy today: ICICI Securities (₹882.30): BUY

The upmove in ICICI Securities is slowly gaining momentum.

The 2.

8 per cent rise on Tuesday has taken the share price well above the ₹855-₹860 resistance zone.

Prior to this rise, the stock has formed a strong base above ₹820.

The short-term outlook is bullish.

The broad ₹865-₹855 region is likely to provide support going forward.

ICICI Securities share price can rise to ₹930-₹950 in a week or two.

A break above ₹950 can take the stock up to ₹980 and higher eventually in the short-term.

Traders can go long now at ₹882.

Accumulate on dips at ₹870.

Keep the stop-loss at ₹830.

Trail the stop-loss up to ₹895 as soon as the stock goes up to ₹910.

Move the stop-loss further up to ₹920 when the price touches ₹945.

Exit the longs at ₹975.

Video Credit: Businessline (Note: The recommendations are based on technical analysis.

There is risk of loss in trading.

) Also read: ICICI MF’s value fund delivers 21% CAGR in 20 years.