ICICIAMC

Shows Strength Above Key Levels”

indicates a bullish structure after a strong breakout above the ₹2,650–₹2,700 resistance zone, which has now turned into a solid support area. The stock is consolidating near the ₹3,000 level after a sharp rally, suggesting healthy profit booking rather than weakness. With price still holding above key support and forming higher highs and higher lows, the overall trend remains positive. If the stock sustains above ₹2,900–₹2,950, it can attempt another move toward the ₹3,100–₹3,200 zone. In my view, the trend remains bullish and any dip toward support levels could attract fresh buying interest.