ICICI Bank – Technical Analysis, Support and Resistance

The stock

is showing a short-term corrective trend after falling from the ₹1450–1480 zone. The stock recently found support near ₹1290–1300 and has bounced back toward ₹1330. However the price is still below the key 20-day and 200-day moving-average zones keeping the near-term structure cautious. Support & Resistance: Immediate support is around ₹1300–1310. Below this, ₹1280–1290 is the next important support zone. On the upside, ₹1340–1355 is the immediate resistance area. A sustained move above ₹1355 can improve momentum toward ₹1380–1400 while ₹1420–1450 remains a stronger resistance zone. Short-Term Buyers & Holders View: For short-term buyers confirmation above ₹1355 with strong volume would indicate improving momentum. If the stock fails near ₹1340–1355 and breaks below ₹1300 weakness can again increase toward ₹1280–1290. RSI is around 42, showing that momentum is still not strongly bullish.