Analyzing the remarkable 6.9% GDP growth of India in Q4 FY25, exploring...
Technicals for ICICI Bank Limited
By MusingTheNews
2025-05-30 20:39
Overall Technical outlook
Price Summary
ICICI Bank Limited's stock started the year at 1456.6, climbed to a high of 1462.9, fell to 1445.0, and closed -0.01% down at 1456.5, with 15544553 shares traded on 2025-05-29. The stock's peak price over the last 52 weeks is 1460.6, with the lowest being 1071.45. The price outlook for ICICIBANK is between 1290.0 and 1850.0, with an average expectation of 1611.4524, as estimated by 42 analysts.
Technicals
Support and Resistance: The current price of 1456.5 for ICICIBANK is supported at 1449.0 and faces resistance at 1449.0. These levels indicate that 1449.0 could act as a floor, while 1449.0 might limit any further price increases. Support/Resistance for ICICIBANK
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for ICICI Bank Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for ICICI Bank Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for ICICIBANK. Parabolic Stop and Reverse chart for ICICI Bank Limited
Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Stochastic chart for ICICI Bank Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that this bearish momentum might be fading. This could be an early indication of a potential bullish reversal, as the market's current downward trend loses strength and prepares for a possible shift towards more positive price action. Tripple SMA chart for ICICI Bank Limited
To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
This article delves into the development saga of the Kaveri engine for...
By clicking "Accept", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our tailored marketing efforts.