ICICIBANK - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

💹 IntraDay Trade Rating for ICICIBANK: 4.6

ICICI Bank is showing strength across most short-term indicators. Momentum and volume are rising, price is flirting with its 52-week high, and technical signals support trend continuation. Today’s intraday setup leans bullish with breakout potential if ₹1,500 is cleared convincingly.

📊 Technical Breakdown

RSI (64.6): Near overbought territory — bullish, but caution near extremes.

MACD (+14.3): Strongly positive, signaling upward momentum.

Price ₹1,486 is well above DMA 50 (₹1,436) and DMA 200 (₹1,342) → confirms medium-term bullish structure.

🔍 Volume & Volatility Insight

Today’s Volume (1.07 Cr) > 1Wk Avg (94.7L) — aggressive activity and institutional interest.

Just ₹14 shy of its 52W High (₹1,500) — key resistance zone; breakout could trigger short-term surge.

🧮 Valuation & Fundamentals

P/E 20 vs Industry PE 12.6 — slightly premium, but justified by superior EPS ₹74.6 and ROE 18.0%.

PEG 0.75 — growth at reasonable valuation.

Quarterly PAT steady, strong earnings momentum.

Debt/Equity 5.97 — high, but typical for banks; not a red flag in this context.

🎯 Intraday Strategy

🔸 Fresh Trade Setup

Buy Zone: ₹1,482–₹1,488 (Ideal entry on mild retracement to support or breakout above ₹1,490–₹1,492 with strong candle)

Profit Booking Targets: ₹1,505 → ₹1,512 (First resistance is psychological ₹1,500, followed by ₹1,510 zone)

Stop Loss: ₹1,474 (Protect against false breakout and profit-taking drops)

🔸 If Already Holding

Exit Triggers

Near ₹1,505–₹1,510: Consider partial or full exit if momentum cools here.

Sharp decline below ₹1,474 on rising volumes: Close position quickly — signals trend reversal.

Trailing Stop Idea: ₹1,480 (Adjust dynamically to lock gains on breakout continuation)

💡 Final Take

ICICI Bank is a solid intraday candidate today — backed by volume, price action, and technical momentum. Watch for the ₹1,500 breakout; if breached with force, quick profits are on the table. But remember, a high RSI warrants caution — stay alert for any topping signals.

Want me to layer this with a live candlestick pattern scanner or identify other banks showing relative strength today? I've got a few contenders lined up.

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