ICICI Prudential AMC – Technical Analysis

The stock

is trading around ₹3207 on the daily chart. The stock has recovered from the ₹2950–3000 zone and has formed a short-term higher-low structure. The recent move above ₹3100 has improved the near-term price setup although the stock is now approaching an important resistance zone. Support & Resistance: Immediate support is around ₹3100–3000 followed by ₹3000–3020. The ₹2950 zone is another important support based on the recent swing low. On the upside ₹3250–3300 is the immediate resistance area followed by ₹3400–3450. A sustained breakout above ₹3300 can strengthen the upward price structure. Short-Term Buyers & Holders View: For short-term buyers holding above ₹3100 is important to maintain the recent recovery structure. A breakout and sustained close above ₹3250–3300 with stronger volume can indicate further momentum toward higher resistance zones. If price falls below ₹3100 the stock may see consolidation or a pullback toward ₹3000. A break below ₹2950 would weaken the recent recovery structure. Holders can monitor these support and resistance levels for confirmation of the next move.