ICICI Bank has been trading inside a long-term uptrend channel for the past 3 years. Within this structure, two clear zones are visible:
Higher Value Area (Supply Zone): Sellers dominate → price faces rejection here.
Lower Value Area (Demand Zone): Buyers dominate → price consistently bounces from here.
👉 Every time price approaches the Lower Value Area around 15 times :
(1) Buyers step in aggressively,
(2) Price reverses strongly,
(3) Risk–Reward becomes highly favorable.
(4) This makes the current setup a good accumulation point.
Now once again, price is testing the Strong Demand Zone (₹1340–1320).
Risk–Reward Setup
Buy Zone: ₹1340–1320
Immediate Resistance: ₹1390–1400
Upside Target: ₹1500–1550 (upper channel boundary)
Risk: Breakdown below ₹1320 may lead to ₹1200.
Fundamental Strength
✔️ Healthy Balance Sheet: Strong capital adequacy, well-managed NPAs.
✔️ Consistent Profit Growth: Strong momentum in NII & PAT over the years.
✔️ Retail & Digital Leadership: Leading share in retail loans + strong digital adoption.
✔️ Sector Tailwind: Indian banking credit growth projected at 14–16%, a positive for ICICI.
✔️ Valuation Comfort: Reasonable PE & PB compared to peers (HDFC Bank, Axis Bank).
Higher Value Area (Supply Zone): Sellers dominate → price faces rejection here.
Lower Value Area (Demand Zone): Buyers dominate → price consistently bounces from here.
👉 Every time price approaches the Lower Value Area around 15 times :
(1) Buyers step in aggressively,
(2) Price reverses strongly,
(3) Risk–Reward becomes highly favorable.
(4) This makes the current setup a good accumulation point.
Now once again, price is testing the Strong Demand Zone (₹1340–1320).
Risk–Reward Setup
Buy Zone: ₹1340–1320
Immediate Resistance: ₹1390–1400
Upside Target: ₹1500–1550 (upper channel boundary)
Risk: Breakdown below ₹1320 may lead to ₹1200.
Fundamental Strength
✔️ Healthy Balance Sheet: Strong capital adequacy, well-managed NPAs.
✔️ Consistent Profit Growth: Strong momentum in NII & PAT over the years.
✔️ Retail & Digital Leadership: Leading share in retail loans + strong digital adoption.
✔️ Sector Tailwind: Indian banking credit growth projected at 14–16%, a positive for ICICI.
✔️ Valuation Comfort: Reasonable PE & PB compared to peers (HDFC Bank, Axis Bank).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.