Pravesh Gour, a senior technical analyst at Swastika Investmart, noted that the stock is in a classical uptrend, showing higher highs and higher lows. He observed that the daily chart recently indicated a breakout from a triangle formation with strong volume, closing above the ₹1,200 level, which could signal the start of a rally toward ₹1,300. According to Gour, the stock's structure remains bullish, as it is trading above key moving averages. However, he mentioned that momentum indicators like the RSI and MACD are currently negative. He added that while ₹1,300 is a significant psychological resistance level, surpassing it could lead to a move toward ₹1,350 in the near term, with ₹1,160 serving as a support level.
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ICICI Bank share price outperforms Sensex in the last 1 year. Is there more steam left? Mint
ICICI Bank share price outperforms Sensex in the last 1 year. Is there more steam left? MSN
