ICICIGI 1D: Closed Above Its Falling Resistance LineICICI Lombard General Insurance Co. Ltd.NSE:ICICIGIdgupta88ICICIGI on the daily chart. The lines come from an automated trendline scan, drawn through the chart's own swing highs and lows on a log price scale. What the chart shows 3 confirmed touches on a falling resistance line between 22 Jun 26 and 5 Aug 26. The newest closed candle (30 Oct 26) closed above the line. Of the 3 earlier touches old enough to count, 3 held for ten daily candles and 0 gave way within ten. Newest closed candle (30 Oct 26): closed just above the resistance line. Worth watching While the daily candles close below the resistance line, the line stands. A daily candle closing above the resistance line would end the picture. Whichever comes first gets an update under this idea - a hold or a break. Your read? Does a resistance line get stronger with every touch, or does the 3rd one wear it out? Our view The next answer comes at the broken resistance line. A firm daily close off it keeps the picture positive; a weak close there would say demand is fading. Part of "NSE Lines · daily" - an update follows either way. Our view is an opinion on the chart, not a recommendation. For study only. Not investment advice. The author is not SEBI registered.