ICICIBANK - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

IntraDay Trade Rating: 3.5

📉 ICICI Bank shows strong volume and fundamentals, but weak momentum indicators suggest caution for intraday trades.

📈 Optimal Trade Setup

• Buy Price: Above 1,345 ₹ (confirmation of strength above current price)
• Profit Target: 1,360 ₹ – 1,375 ₹
• Stop Loss: 1,325 ₹

📊 If Already Holding

• Exit on Weak Momentum: If price dips below 1,325 ₹ or RSI drops below 34
• Volume Watch: Exit if volume drops below 1.4 crore and price fails to reclaim 1,345 ₹
• Momentum Trigger: Hold if MACD starts converging and RSI crosses 40

✅ Positive

• Strong EPS of ₹69.6 and PEG ratio of 0.73 — attractive valuation relative to growth
• Volume (1.56 crore) is above weekly average — active participation
• DII holding increased by 1.15%, showing domestic institutional support
• Quarterly PAT of ₹12,359 Cr. — consistent profitability

⚠️ Limitation

• MACD (-11.7) and RSI (35.9) indicate weak momentum
• Price below both 50 DMA (1,388 ₹) and 200 DMA (1,369 ₹) — bearish technical setup
• ROCE (7.61%) is modest compared to sector leaders

🚫 Company Negative News

• FII holding declined by 1.21%, indicating reduced foreign investor confidence
• Quarterly PAT dipped slightly from ₹12,768 Cr. to ₹12,359 Cr.

📢 Company Positive News

• Consistent earnings and strong EPS support long-term stability
• Price recovery from 52-week low of ₹1,186 shows resilience

🏭 Industry

• Industry PE is 14.6, while ICICI Bank trades at 19.3 — slightly premium valuation
• Banking sector remains active with credit growth and stable interest rate outlook

🧾 Conclusion

• ICICI Bank is a cautious intraday candidate today due to weak momentum and technical resistance
• Entry above 1,345 ₹ is viable with tight stop loss and volume confirmation
• Monitor RSI and MACD for continuation or early exit signals

I can also compare ICICI Bank with HDFC Bank or Axis Bank to help you spot stronger intraday setups in the banking sector.