ICICI Bank: Key Battle Between Bulls and Bears Inside Rectangle

📊 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.