Warning-
as we can see that despite strong fundamental performance recently, ICICI Bank is trading near resistance zones after a sustained upmove, which increases the probability of short-term exhaustion. The stock has rallied on the back of strong results and loan growth momentum, but such moves often lead to profit booking at higher levels .
On the technical front, RSI is currently hovering around 60–72 levels, indicating that the stock is moving towards overbought territory, where upside becomes limited and risk of pullback increases . Additionally, Stochastic RSI is already in overbought zone (~90+), which further strengthens the case for a cooling-off phase
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