ICICI Bank Limited
Panjang

ICICIBANK 1D Time frame

54
📊 Daily Snapshot

Closing Price: ₹1,375.50

Day’s Range: ₹1,371.80 – ₹1,391.50

Previous Close: ₹1,382.70

Change: Down –0.52%

52-Week Range: ₹1,018.85 – ₹1,494.10

Market Cap: ₹9.7 lakh crore

P/E Ratio: 20.5

Dividend Yield: 1.2%

EPS (TTM): ₹67.00

Beta: 1.05 (moderate volatility)

🔑 Key Technical Levels

Support Zone: ₹1,370 – ₹1,375

Resistance Zone: ₹1,390 – ₹1,400

All-Time High: ₹1,494.10

📈 Technical Indicators

RSI (14-day): 34.1 – approaching oversold territory, suggesting potential for a rebound.

MACD: Negative, indicating bearish momentum.

Moving Averages: Trading below the 150-day moving average, indicating a bearish trend.

Candlestick Patterns: Recent formation of a Bearish Engulfing pattern, suggesting potential for further downside.

📉 Market Sentiment

Recent Performance: ICICI Bank has experienced a decline for the fifth consecutive session, underperforming the broader market.

Sector Performance: The NIFTY BANK index also closed lower, reflecting sector-wide weakness.

📈 Strategy (1D Timeframe)
1. Bullish Scenario

Entry: Above ₹1,390

Stop-Loss: ₹1,370

Target: ₹1,405 → ₹1,420

2. Bearish Scenario

Entry: Below ₹1,370

Stop-Loss: ₹1,390

Target: ₹1,355 → ₹1,340

Penafian

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