Technical Chart Analysis: ICICI Pru (CMP ₹647.20) ~ 10%

Pattern Summary
Inverse H&S Pattern

• Left Shoulder: ₹535
  
• Head: ₹525
  
• Right Shoulder: ₹571
  
• Neckline/Breakout: ₹631 (Confirmed breakout zone)
  
• Target (Projected): ₹712 (Measured move aligns with pattern height)
  

Trendline Breakout

• Confirms bullish momentum post-H&S breakout.
  
• Price has cleared previous LH (Lower High) zones — trend bias shifting bullish.
  

Candlestick Insight: Inverted Hammer at CMP ₹647

• Appears after a rally, signals potential short-term exhaustion or pullback.
  
• Not a reversal on its own, but if followed by a red candle, can suggest short-term retracement.
  
• Occurs near resistance (~₹650) — caution for overbought levels in short term.
  

Support Zones

• Bullish Fair Value Gap (FVG): ₹626.5 – ₹638.5
  
• Re-entry opportunity upon mitigation (price retracing to fill the gap).
  
• Well-aligned with neckline retest (₹631) — a textbook retest-and-go scenario.
  

Stop-loss Region: ₹610 (Below the neckline and structure support).

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