π¨ [Update] ICICI Bank β Breakout Confirmed! π¨
ICICIBANK
πCMP: βΉ1488.60 | π Expiry: 31st July
We had already alerted about the potential breakout in ICICI Bank β and itβs now playing out exactly as expected! π
After weeks of tight consolidation, the stock has broken out above the βΉ1460 range with strong volumes and positive options data support.
π Quick Technical Snapshot:
β Breakout above key resistance zone βΉ1450β1460
π Heavy Put writing at 1470β1480, Call unwinding at 1490
πͺ RSI near 68 β strong but not overbought
πΌ Momentum clearly favoring bulls
π― Levels to Watch:
Support: βΉ1450β1460
Target 1: βΉ1510
Target 2: βΉ1530
π View: Buy on dips above βΉ1460
This breakout validates our early alert. Keep tracking for further upside! π