🔄 ICICI Pru Life – Testing the Mid-Channel with Overhead Resistance

🔸 Trend Context 📉 Broke out from falling wedge structure 📈 Price is now testing horizontal resistance at ₹674 📊 Inside a broader rising channel with intermediate consolidation zones 🔸 Price Action ✅ Strong recovery from ₹600 support ⚠️ Facing stiff resistance near ₹674 (previous swing rejection zone) Breakout above ₹675–680 could open move toward ₹720+ 🔸 Key Levels Resistance: ₹675, ₹721 Support: ₹600, followed by ₹550 Holding above ₹675 would validate bullish structure 🔸 Technical Outlook 🟢 Near-term sentiment positive post wedge breakout 🧨 Bulls need volume-based breakout above ₹675 Failing to cross could lead to short-term pullback toward ₹630 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.