ICICI Bank Limited
Updated

Trendline Support and Options Reaction in ICICI Bank

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๐Ÿ“ˆ ICICI Bank at Major Support!
ICICI Bank is testing a crucial trendline support zone around โ‚น1,418โ€“โ‚น1,427 after a lengthy pullback. Historically, this level has held strong, showing multiple bounces โ€” making it a key area for traders to watch.

Support Level: โ‚น1,418โ€“โ‚น1,427

Potential Upside: The chart highlights a recovery zone towards โ‚น1,433 and beyond, with a bounce of โ‚น67.6 (approx. 4.74%) possible if support holds firm.


๐ŸŸข Options Perspective: 1430 CE (August Expiry)
The ICICI Bank 1,430 August call option has shown significant volatility:

Current Premium: โ‚น16.75

Recent Change: +โ‚น4.65 (+26.76%) on a single session!
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