Highlights
Takeaway
ICICI Bank remains technically constructive following its strong quarterly performance. A sustained breakout above ₹1,420 could accelerate momentum towards ₹1,445–₹1,480. As long as the stock holds above ₹1,375–₹1,385, the short-term bias remains positive, while a decisive breakdown below ₹1,350 could weaken the recovery structure.
- ICICI Bank closed around ₹1,398–₹1,400 on October 22, showing renewed buying interest following its Q2 FY27 results announced on Saturday, October 17.
- Immediate resistance is around ₹1,400–₹1,420. A sustained breakout above ₹1,420 could push the stock towards ₹1,445–₹1,480.
- On the downside, ₹1,375–₹1,385 is the immediate support zone, followed by stronger support around ₹1,350–₹1,365. Holding these levels would preserve the positive structure.
- Momentum is improving, with RSI around 55–60 and the stock trading above its major moving averages. However, a decisive breakout above ₹1,420 is needed to confirm stronger bullish momentum.
- Fundamentally, Q2 FY27 net profit increased 20.1% YoY to ₹14,843 crore, while net interest income rose 17.7% to ₹25,339 crore. Gross NPA improved to 1.20%, although net interest margin declined sequentially to 4.18%.
Takeaway
ICICI Bank remains technically constructive following its strong quarterly performance. A sustained breakout above ₹1,420 could accelerate momentum towards ₹1,445–₹1,480. As long as the stock holds above ₹1,375–₹1,385, the short-term bias remains positive, while a decisive breakdown below ₹1,350 could weaken the recovery structure.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.