ICICIBANK - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | ICICIBANK | Market Cap | 9,23,248 Cr. | Current Price | 1,290 ₹ | High / Low | 1,500 ₹ |
| Stock P/E | 18.8 | Book Value | 448 ₹ | Dividend Yield | 0.85 % | ROCE | 7.61 % |
| ROE | 17.8 % | Face Value | 2.00 ₹ | DMA 50 | 1,355 ₹ | DMA 200 | 1,368 ₹ |
| Chg in FII Hold | -1.69 % | Chg in DII Hold | 1.68 % | PAT Qtr | 11,318 Cr. | PAT Prev Qtr | 12,359 Cr. |
| RSI | 38.4 | MACD | -30.4 | Volume | 1,45,53,960 | Avg Vol 1Wk | 1,98,20,879 |
| Low price | 1,240 ₹ | High price | 1,500 ₹ | PEG Ratio | 0.71 | Debt to equity | 5.53 |
| 52w Index | 19.2 % | Qtr Profit Var | -4.02 % | EPS | 68.8 ₹ | Industry PE | 14.8 |
📊 Analysis: ICICIBANK is trading at ₹1,290, below both its 50 DMA (₹1,355) and 200 DMA (₹1,368), reflecting short-term weakness. RSI at 38.4 indicates oversold conditions, while MACD (-30.4) remains negative, confirming bearish bias. Current volume (1.45 Cr.) is lower than the weekly average (1.98 Cr.), showing reduced intraday participation. Valuation is moderate with a P/E of 18.8 compared to industry PE of 14.8, supported by strong fundamentals despite a slight quarterly profit decline.
💡 Optimal Buy Price: ₹1,280–₹1,285 if support holds.
🎯 Profit-Taking Levels: ₹1,310 (first resistance), ₹1,335 (second resistance).
🛡️ Stop-Loss: ₹1,265 (below intraday support).
⏱️ If Already Holding: Exit near ₹1,310 if momentum stalls or RSI fails to cross 42 intraday. If price breaks below ₹1,265 with volume, cut positions quickly to protect capital.
Positive
- Strong ROE (17.8%) highlights efficient capital use.
- EPS of ₹68.8 supports valuation strength.
- PEG ratio of 0.71 indicates attractive valuation relative to growth.
- DII holdings increased (+1.68%), showing domestic institutional confidence.
Limitation
- Trading below DMA levels signals weak trend strength.
- FII holding decreased (-1.69%), showing reduced foreign investor interest.
- Quarterly PAT declined from ₹12,359 Cr. to ₹11,318 Cr., showing earnings pressure.
- High debt-to-equity ratio (5.53) compared to peers.
- Dividend yield of 0.85% is modest.
Company Negative News
- MACD remains negative, showing bearish momentum.
- Stock corrected from 52-week high of ₹1,500 to current levels.
Company Positive News
- Quarterly profit variation of -4.02% is modest compared to sector volatility.
- Strong fundamentals with consistent earnings and institutional support.
Industry
- Banking sector benefits from credit growth and digital adoption but faces margin pressures.
- Industry PE at 14.8 indicates ICICIBANK trades at a premium valuation.
Conclusion
⚖️ ICICIBANK has strong fundamentals and attractive PEG ratio but weak intraday momentum. It is a cautious intraday candidate with limited upside unless RSI strengthens and MACD turns positive. Best suited for quick trades near support levels with strict stop-loss discipline.
Selva, this one looks like a premium banking play with oversold intraday signals. If you’d like, I can prepare a peer benchmarking overlay (HDFC Bank, Axis Bank, Kotak Bank) to compare intraday strength across the private banking basket. That way, you’ll know if ICICIBANK is lagging or leading its sector peers today. Would you like me to generate that comparison?