ICICIBANK
Trend
Strong higher high – higher low structure on daily timeframe
Trading above 20DMA, 50DMA & 200DMA → clear bullish structure
Bank Nifty strength supporting move
🔥 Recent Trigger
Broke out of short consolidation range
Volume expansion on breakout day → institutional participation likely
RSI holding above 60 zone (bullish momentum zone)
📍 Important Levels
Support: ₹1,180–1,200 zone
Immediate Resistance: ₹1,250–1,270
Sustaining above resistance can open fresh momentum leg
🧠 Why It’s Strong
Private banking sector leading
Strong relative strength vs Nifty
Clean chart without messy volatility
#EquityResearch
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