ICICIBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | ICICIBANK | Market Cap | 9,54,247 Cr. | Current Price | 1,334 ₹ | High / Low | 1,500 ₹ |
| Stock P/E | 19.4 | Book Value | 448 ₹ | Dividend Yield | 0.82 % | ROCE | 7.61 % |
| ROE | 17.8 % | Face Value | 2.00 ₹ | DMA 50 | 1,374 ₹ | DMA 200 | 1,370 ₹ |
| Chg in FII Hold | -1.69 % | Chg in DII Hold | 1.68 % | PAT Qtr | 11,318 Cr. | PAT Prev Qtr | 12,359 Cr. |
| RSI | 39.8 | MACD | -6.38 | Volume | 51,07,531 | Avg Vol 1Wk | 1,86,52,859 |
| Low price | 1,200 ₹ | High price | 1,500 ₹ | PEG Ratio | 0.73 | Debt to equity | 5.53 |
| 52w Index | 44.7 % | Qtr Profit Var | -4.02 % | EPS | 68.8 ₹ | Industry PE | 15.8 |
📊 Chart & Trend Analysis: ICICIBANK is trading at ₹1,334, below both its 50 DMA (₹1,374) and 200 DMA (₹1,370), indicating short-term weakness. RSI at 39.8 suggests the stock is nearing oversold territory. MACD at -6.38 confirms bearish momentum. Current volume (51.0L) is significantly lower than the weekly average (186.5L), showing weak participation. Bollinger Bands indicate price near the lower band, reinforcing bearish consolidation.
📈 Momentum Signals: Short-term momentum is weak, with RSI oversold and MACD bearish crossover. Low volume participation further limits breakout potential.
🎯 Entry Zone: ₹1,310 – ₹1,330 (near immediate support)
🚪 Exit Zone: ₹1,370 – ₹1,400 (near resistance at 50 DMA)
🔎 Trend Status: Consolidating with bearish bias. Sustained trade below ₹1,310 could trigger reversal towards ₹1,250, while recovery above ₹1,370 may signal bullish trend resumption.
Positive
- Strong ROE (17.8%) highlights efficient capital use.
- PEG ratio of 0.73 indicates attractive valuation relative to growth.
- EPS of ₹68.8 reflects consistent profitability.
- Increase in DII holding (+1.68%) signals domestic institutional support.
Limitation
- Stock trading below both 50 DMA and 200 DMA signals weakness.
- ROCE (7.61%) is modest compared to peers, indicating efficiency concerns.
- High debt-to-equity ratio (5.53) raises leverage concerns.
- Quarterly profit variation of -4.02% highlights earnings pressure.
- Weak trading volume reduces conviction in recovery moves.
Company Negative News
- Decline in FII holding (-1.69%) signals reduced foreign investor confidence.
- Sequential PAT decline from ₹12,359 Cr. to ₹11,318 Cr. highlights earnings slowdown.
Company Positive News
- Increase in DII holding reflects renewed domestic institutional interest.
- Strong fundamentals with attractive PEG ratio support long-term growth potential.
Industry
- Banking sector remains resilient with credit growth and digital adoption trends.
- Industry P/E at 15.8 highlights moderate sector valuation compared to ICICIBANK’s premium.
Conclusion
⚖️ ICICIBANK is consolidating with a bearish bias. Entry near ₹1,310–₹1,330 offers cautious accumulation, while exits near ₹1,370–₹1,400 provide short-term profit booking. Strong fundamentals and attractive PEG ratio support long-term holding, but weak technicals, high leverage, and declining foreign investor confidence warrant cautious positioning.
Would you like me to extend this into a peer benchmarking overlay (HDFC Bank, Axis Bank, Kotak Mahindra Bank) so you can compare ICICIBANK’s relative strength within the private banking basket?