ICICIBANK - Swing Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Swing Trade ListSwing 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.
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