ICICI Lombard crosses ₹1,518 resistance with momentum!

ICICI Lombard crosses ₹1,518 resistance with momentum ICICI Lombard General Insurance Company Limited (NSE: ICICIGI) is trading around ₹1,577 after moving above the ₹1,518.67 second-resistance level. The stock is up about 5.10% in today's technical screen. The move places price above the current pivot structure. The technical screen shows ₹1,495.97 as the pivot, ₹1,509.63 as first resistance and ₹1,541.37 as third resistance. Support levels are placed at ₹1,486.93, ₹1,473.27 and ₹1,450.57. The live market data also shows the stock trading close to the day's high, with an intraday range of approximately ₹1,465.60-₹1,583.90. Why it matters The move above ₹1,518.67 represents a clear break of the second-resistance reference. Sustaining above this area would be important for confirming that the current momentum is holding. My view My view is that ₹1,518-₹1,520 is now the key reference zone. After today's strong move, a retest of this area would provide useful information about whether the breakout is being accepted.