ICICIBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | ICICIBANK | Market Cap | 9,12,600 Cr. | Current Price | 1,273 ₹ | High / Low | 1,500 ₹ |
| Stock P/E | 18.2 | Book Value | 467 ₹ | Dividend Yield | 0.86 % | ROCE | 6.92 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 1,288 ₹ | DMA 200 | 1,335 ₹ |
| Chg in FII Hold | -9.39 % | Chg in DII Hold | -6.80 % | PAT Qtr | 13,702 Cr. | PAT Prev Qtr | 11,318 Cr. |
| RSI | 50.0 | MACD | -7.32 | Volume | 1,97,67,090 | Avg Vol 1Wk | 1,60,46,540 |
| Low price | 1,188 ₹ | High price | 1,500 ₹ | PEG Ratio | 1.11 | Debt to equity | 5.74 |
| 52w Index | 27.3 % | Qtr Profit Var | 8.49 % | EPS | 70.0 ₹ | Industry PE | 14.8 |
📈 Chart Patterns: ICICIBANK is trading near its support zone (₹1,265–₹1,288). The broader structure shows weakness with repeated failures to cross resistance at ₹1,335 (DMA 200), reflecting consolidation.
📊 Moving Averages: Current price (₹1,273) is below DMA 50 (₹1,288) and DMA 200 (₹1,335), confirming bearish undertone.
📉 RSI: At 50.0, RSI is neutral, suggesting balanced momentum without strong bullish signals.
📉 MACD: Negative at -7.32, showing bearish crossover and weak momentum.
📉 Bollinger Bands: Price is near the mid-band, reflecting sideways consolidation.
📊 Volume Trends: Current volume (1.97 Cr) is above average weekly volume (1.60 Cr), showing strong participation despite weak price action.
⚡ Short-Term Momentum Signals: Neutral-to-bearish momentum; rebound possible only if price sustains above ₹1,288 with volume support.
🎯 Entry Zone: ₹1,240–₹1,265 (support region).
🎯 Exit Zone: ₹1,300–₹1,335 (resistance zone).
🔀 Trend Status: Consolidating with bearish undertone; reversal possible only if price sustains above ₹1,335.
Positive
- EPS at ₹70.0 supports earnings visibility.
- Quarterly PAT improved from ₹11,318 Cr. to ₹13,702 Cr. (+8.49%).
- Dividend yield at 0.86% provides steady income.
- ROE at 16.0% highlights profitability.
Limitation
- Price trading below DMA 50 and DMA 200 signals weakness.
- ROCE at 6.92% is modest compared to peers.
- Debt-to-equity ratio at 5.74 highlights leverage risk.
- High PEG ratio (1.11) suggests valuation concerns relative to growth.
Company Negative News
- Decline in FII holdings (-9.39%) and DII holdings (-6.80%) shows reduced institutional confidence.
- Weak technical setup with MACD negative and price below key averages.
Company Positive News
- Quarterly profit growth (+8.49%) boosts investor sentiment.
- EPS remains strong at ₹70.0.
- Dividend yield provides investor appeal.
Industry
- Industry PE at 14.8 vs. ICICIBANK PE at 18.2 shows premium valuation.
- Banking sector outlook remains positive with credit growth and digital adoption.
Conclusion
ICICIBANK is consolidating with bearish undertones. Short-term traders may consider entry around ₹1,240–₹1,265 with exit near ₹1,300–₹1,335. Long-term investors should monitor leverage risks and institutional sentiment before fresh accumulation.
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