Market Neuron Logo
⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.

ICICIBANK - Swing Trade Analysis

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

Back to Swing Trade List

Swing Trade Rating: 4.4

📊 Technical Overview

Current Price (₹1,486) is approaching resistance at its 52-week high (₹1,500), suggesting possible breakout.

RSI (64.6): Bullish, but nearing overbought territory — room to rise but caution warranted.

MACD (14.3): Solid bullish momentum, indicating continuation possible.

Volume: Above average — confirms strong participation in price action.

DMA 50 & 200: Price is well above both — confirming positive medium-term trend.

🧾 Fundamental Insights

Valuation

P/E (20.0) vs Industry PE (12.6) → Slightly expensive, but supported by quality metrics.

PEG (0.75) → Undervalued relative to its earnings growth.

Profitability

EPS (₹74.6), ROE (18%), ROCE (7.88%) → Stable and growing

Qtr Profit Var (+15.9%): Solid upward earnings trend

Dividend Yield (0.74%): Not compelling, but not irrelevant either

Debt to Equity (5.97): High, but typical for large banks

🧭 Institutional Sentiment

FII Holding ↑ (0.94%): Foreign investors showing confidence

DII Holding ↓ (0.86%): Some caution domestically, but overall balance looks okay

🎯 Trading Strategy

📥 Optimal Entry: Look for a dip near ₹1,470–₹1,475 if RSI cools slightly. Enter on sustained volume and MACD strength.

📤 Exit if Holding: Target ₹1,525–₹1,540. Exit if RSI crosses 70 or if price shows reversal signs near the high.

📌 Final Thought

ICICIBANK offers a mix of strong fundamentals, bullish technicals, and institutional support. While it’s close to its yearly high, it still presents a well-timed momentum play for short-term gains.

Want me to track this setup or scan for banking stocks at better breakout levels? I’ve got ideas ready to launch. 💹🔥

Edit in a page

Back to Swing Trade List