ICICIBANK - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.9
| Stock Code | ICICIBANK | Market Cap | 8,94,479 Cr. | Current Price | 1,250 ₹ | High / Low | 1,500 ₹ |
| Stock P/E | 18.2 | Book Value | 448 ₹ | Dividend Yield | 0.88 % | ROCE | 7.61 % |
| ROE | 17.8 % | Face Value | 2.00 ₹ | DMA 50 | 1,351 ₹ | DMA 200 | 1,366 ₹ |
| Chg in FII Hold | -1.69 % | Chg in DII Hold | 1.68 % | PAT Qtr | 11,318 Cr. | PAT Prev Qtr | 12,359 Cr. |
| RSI | 32.3 | MACD | -32.5 | Volume | 1,55,16,458 | Avg Vol 1Wk | 1,87,33,219 |
| Low price | 1,240 ₹ | High price | 1,500 ₹ | PEG Ratio | 0.69 | Debt to equity | 5.53 |
| 52w Index | 3.85 % | Qtr Profit Var | -4.02 % | EPS | 68.8 ₹ | Industry PE | 14.3 |
📊 ICICIBANK shows strong fundamentals but weak short-term technicals. The RSI at 32.3 indicates oversold conditions, suggesting a potential rebound. However, the MACD (-32.5) and price trading below both the 50 DMA (₹1,351) and 200 DMA (₹1,366) reflect bearish sentiment. Fundamentals remain solid with ROE (17.8%) and EPS (₹68.8), though quarterly PAT declined (-4.02%). Valuation is moderate with a P/E of 18.2 compared to industry P/E of 14.3, and PEG ratio (0.69) suggests undervaluation relative to growth. High debt-to-equity (5.53) is typical for banks but adds leverage risk.
💡 Optimal Entry Price: ₹1,240–₹1,260, near current levels and close to support.
📈 Exit Strategy (if already holding): Consider exiting around ₹1,340–₹1,370 (near 200 DMA resistance) unless momentum strengthens further.
✅ Positive
- Strong ROE (17.8%) indicates efficient profitability.
- EPS of ₹68.8 supports valuation strength.
- PEG ratio of 0.69 suggests undervaluation relative to growth.
- DII holdings increased (+1.68%), showing domestic institutional support.
⚠️ Limitation
- Quarterly PAT declined from ₹12,359 Cr. to ₹11,318 Cr. (-4.02%).
- Stock trading below both 50 DMA and 200 DMA reflects short-term weakness.
- Dividend yield of 0.88% is modest.
- High debt-to-equity ratio (5.53) typical for banks but adds leverage risk.
📉 Company Negative News
- FII holdings declined (-1.69%), showing reduced foreign investor confidence.
- Weak technical indicators (RSI, MACD, DMA trend) limit short-term upside.
📈 Company Positive News
- DII holdings increased (+1.68%), showing strong domestic support.
- EPS of ₹68.8 reflects solid profitability.
🏭 Industry
- Banking sector remains resilient but cyclical, influenced by credit growth and interest rate trends.
- Industry P/E at 14.3 makes ICICIBANK relatively expensive (P/E 18.2).
🔎 Conclusion
ICICIBANK is fundamentally strong with solid profitability but faces short-term technical weakness. It may be suitable for swing trading if entered near ₹1,240–₹1,260, with a target around ₹1,340–₹1,370. Traders should monitor RSI recovery and volume trends before committing heavily.