📊 ICICI Bank (30-min chart) – Rectangle + Order Blocks
🔹 Major Demand Zone (Bullish Order Block)
Strong demand around ₹1,410–₹1,415 has been respected multiple times.
This zone continues to act as a base for buyers.
🔹 Rectangle Consolidation
Price is trapped in a rectangle range of ₹1,415–₹1,450.
Consolidation shows indecision before a breakout.
🔹 Bearish Order Block at ₹1,425
A bearish order block has formed near ₹1,425, creating selling pressure on pullbacks.
This zone is currently acting as a short-term resistance.
📌 Trading Plan
As long as price stays below ₹1,425, sellers may keep control.
Breakdown below ₹1,410 can extend downside toward ₹1,390–₹1,380.
On the other hand, a clean breakout above ₹1,435 will invalidate the bearish OB and flip structure bullish.
Above ₹1,435, targets open toward ₹1,450 → ₹1,470 → ₹1,490.
⚖️ Risk-Reward Setup
Bearish bias: Short entries near ₹1,425–₹1,430 with SL above ₹1,435.
Bullish bias: Long trades only above ₹1,435, targeting ₹1,450–₹1,490.
📍 Conclusion: ICICI Bank is consolidating in a rectangle. Key levels to watch are ₹1,410 support and ₹1,425 resistance. A breakdown below ₹1,410 favors sellers, while a breakout above ₹1,435 turns the trend bullish.
🔹 Major Demand Zone (Bullish Order Block)
Strong demand around ₹1,410–₹1,415 has been respected multiple times.
This zone continues to act as a base for buyers.
🔹 Rectangle Consolidation
Price is trapped in a rectangle range of ₹1,415–₹1,450.
Consolidation shows indecision before a breakout.
🔹 Bearish Order Block at ₹1,425
A bearish order block has formed near ₹1,425, creating selling pressure on pullbacks.
This zone is currently acting as a short-term resistance.
📌 Trading Plan
As long as price stays below ₹1,425, sellers may keep control.
Breakdown below ₹1,410 can extend downside toward ₹1,390–₹1,380.
On the other hand, a clean breakout above ₹1,435 will invalidate the bearish OB and flip structure bullish.
Above ₹1,435, targets open toward ₹1,450 → ₹1,470 → ₹1,490.
⚖️ Risk-Reward Setup
Bearish bias: Short entries near ₹1,425–₹1,430 with SL above ₹1,435.
Bullish bias: Long trades only above ₹1,435, targeting ₹1,450–₹1,490.
📍 Conclusion: ICICI Bank is consolidating in a rectangle. Key levels to watch are ₹1,410 support and ₹1,425 resistance. A breakdown below ₹1,410 favors sellers, while a breakout above ₹1,435 turns the trend bullish.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.