ICICI Bank // 4hour Support and Resistance

As of May 1, 2025, at 10:08 AM IST, ICICI Bank Ltd (NSE: ICICIBANK) is trading at ₹1,266.75. Based on recent technical analysis, here are the key support and resistance levels for the stock on a 4-hour (4H) chart:

📊 4-Hour Support and Resistance Levels
Immediate Support Levels:
₹1,266.75 (current price)
₹1,258.00
₹1,248.00

Immediate Resistance Levels:
₹1,278.00
₹1,288.00
₹1,298.00

These levels suggest that if the stock price declines below ₹1,266.75, it may find support around ₹1,258.00 and ₹1,248.00. Conversely, if the price rises above ₹1,278.00, it could encounter resistance near ₹1,288.00 and ₹1,298.00.

🔍 Technical Indicators
ADX (Average Directional Index): 17.73 – indicates a weak trend.

RSI (Relative Strength Index): 55.87 – suggests neutral momentum.

MACD (Moving Average Convergence Divergence): 11.45 – indicates a positive trend.

CCI (Commodity Channel Index): 88.61 – suggests the stock is in an uptrend.

These indicators suggest a neutral to slightly bullish outlook for ICICI Bank in the short term.