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Technicals for ICICI Bank Limited
By MusingTheNews
2026-02-02 20:38
Overall Technical outlook
Price Summary
On 2026-02-02, ICICIBANK's stock opened at 1329.9, reached a peak of 1354.4, dropped to 1329.1, and ended 1.72% higher at 1352.8, with a volume of 12799885 shares. In the past year, the highest stock price was 1488.6, and the lowest was 1204.1. The price outlook for ICICIBANK is between 1540.0 and 1990.0, with an average expectation of 1703.375, as estimated by 40 analysts.
Technicals
Support and Resistance: The price of 1352.8 is supported at 1348.0 and encounters resistance at 1375.9. This suggests key levels where the price might find stability, with 1348.0 providing a base and 1375.9 acting as an upper boundary for ICICIBANK. Support/Resistance for ICICIBANK
Aroon: The current state of the AROON is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Aroon chart for ICICI Bank Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral for ICICIBANK, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Bolinger Bands chart for ICICI Bank Limited
Parabolic SAR: The PSAR maintains its bearish stance, setting a strong resistance level that could limit any potential upward movement. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for ICICI Bank Limited. Parabolic Stop and Reverse chart for ICICI Bank Limited
Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Stochastic chart for ICICI Bank Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, with no definitive indication of an upward or downward trend for ICICIBANK. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Tripple SMA chart for ICICI Bank Limited
When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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