ICICIBANK - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | ICICIBANK | Market Cap | 10,07,749 Cr. | Current Price | 1,409 ₹ | High / Low | 1,500 ₹ |
| Stock P/E | 20.5 | Book Value | 448 ₹ | Dividend Yield | 0.78 % | ROCE | 7.61 % |
| ROE | 17.8 % | Face Value | 2.00 ₹ | DMA 50 | 1,376 ₹ | DMA 200 | 1,371 ₹ |
| Chg in FII Hold | -1.69 % | Chg in DII Hold | 1.68 % | PAT Qtr | 11,318 Cr. | PAT Prev Qtr | 12,359 Cr. |
| RSI | 57.9 | MACD | -0.78 | Volume | 1,13,92,311 | Avg Vol 1Wk | 1,72,89,169 |
| Low price | 1,200 ₹ | High price | 1,500 ₹ | PEG Ratio | 0.78 | Debt to equity | 5.53 |
| 52w Index | 69.6 % | Qtr Profit Var | -4.02 % | EPS | 68.8 ₹ | Industry PE | 15.8 |
📊 Analysis: ICICIBANK shows strong fundamentals with ROE (17.8%) and EPS (68.8 ₹), supported by fair valuation (P/E 20.5 vs industry PE 15.8). RSI at 57.9 indicates bullish momentum, though MACD at -0.78 signals mild weakness. Price is trading above both 50 DMA (1,376 ₹) and 200 DMA (1,371 ₹), reflecting strong technical support. Volume is lower than weekly average, suggesting reduced participation, but overall intraday setup looks favorable for short-term trades.
💹 Optimal Buy Price: 1,400–1,410 ₹ (near support zone).
🎯 Profit-Taking Levels: 1,430 ₹ (first target), 1,450 ₹ (second target).
🛡️ Stop-Loss: 1,390 ₹ (to protect downside risk).
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above 1,430 ₹ or if RSI weakens below 55. A drop in volume with sideways price action also signals exit. Quick profit booking is advised near resistance levels around 1,450 ₹.
✅ Positive
- Price trading above both 50 DMA and 200 DMA shows strong technical support.
- EPS of 68.8 ₹ supports valuation strength.
- DII holding increased by 1.68%, reflecting domestic institutional support.
- PEG ratio of 0.78 suggests reasonable growth valuation.
⚠️ Limitation
- ROCE (7.61%) is relatively weak compared to peers.
- Debt-to-equity ratio of 5.53 is high, raising financial risk.
- MACD (-0.78) indicates mild bearish sentiment.
- Volume lower than weekly average may limit intraday momentum.
📉 Company Negative News
- FII holding decreased by -1.69%, showing reduced foreign investor confidence.
- Quarterly PAT declined from 12,359 Cr. to 11,318 Cr. (-4.02%).
📈 Company Positive News
- DII holding increased by 1.68%, signaling strong domestic support.
- Stable EPS and fair valuation compared to industry peers.
🏭 Industry
- Banking sector remains resilient with steady credit growth outlook.
- Industry P/E at 15.8 is lower than ICICIBANK’s 20.5, suggesting premium valuation.
🔎 Conclusion
ICICIBANK is fundamentally strong and technically supported, making it a good candidate for intraday trading. Traders may enter near support levels with tight stop-losses and aim for quick profit booking around resistance. Momentum indicators favor cautious bullish trades, but high debt levels and recent profit decline warrant vigilance.