ICICI Bank – Key Levels & Potential Scenarios

Retracement Entry: 1235–1225

• Look for a pullback into the 1235–1225 zone to initiate fresh longs.
  
• Upside Target: 1284
  
• Stop-Loss: Below 1225 (adjust according to your risk preference).
  

Breakout Scenario

• Key Resistance: 1290 (daily close basis).
  
• If price closes above 1290, expect a bullish continuation toward 1316–1334.
  
• If it breaks above 1290 without retracing to 1235–1225, revise the bullish target to the same 1316–1334 zone.
  

Potential Reversal
Watch for selling pressure near 1334. If the market rejects this level, a pullback to 1300 could be on the cards.


Bearish Scenario (Counter-Trend)
Failure at 1290–1300 Zone

If the price fails to sustain above 1290 (or forms a bearish reversal pattern near 1284–1290), it could trigger a counter-trend pullback.
Potential Short Entry: Around 1284–1290, with stops placed just above the recent swing high (e.g., above 1290–1295). Initial Targets: 1250, then 1235–1225 (the previously noted retracement zone).

Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, and past performance doesn’t guarantee future results. Do your own research and consult a financial advisor before making any decisions. The author is not responsible for any losses. Trade at your own risk.