ICICIBANK - Inverted Head & Shoulder suggests 1450ICICI Bank has completed a clean Inverted Head and Shoulders pattern on the 4H chart, signalling a possible trend reversal after the recent downtrend. The left shoulder formed near 1360 , the head at 1317 , and the right shoulder at 1354 . All three points reflect stronger structure and consistent buying interest on dips. The stock has now crossed the neckline around 1387–1390 , a zone where it faced repeated rejection earlier. This breakout shows that buyers have finally taken control.
If the price continues to hold above the neckline, momentum is likely to push it toward the projected target of 1440–1450 , which matches the “final destination” zone shown on your chart. The breakout would lose strength only if the price falls back below 1387 , but unless that happens, the pattern suggests the move still has room to extend higher.
