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Stock analysis ICICI Bank Limited ICICIBANK

More indepth analysis on MunafaSutra.com

Moving Averages for ICICI Bank Limited

  • 5Day Average: 1139.99
  • 12Day Average: 1106.43
  • 20Day Average: 1100.15
  • 50Day Average: 1085.76
  • 100Day Average: 1046.48
  • 150Day Average: 1010.98
  • 200Day Average: 1001.57

ICICIBANK Indicators & signals

Indicator MACD (12,26,9)

1118.64, 1102.02, 10.74
Indicator MACD is in positive zone

Indicator ADX (14)

30.37, 31.23, 16.68
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ICICIBANK ICICI Bank Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 1142.05 1135.45 to 1157.40 0.23% 1.17 times
02 Thu May 2024 1139.45 1133.25 to 1155.50 -0.95% 1.47 times
30 Tue Apr 2024 1150.40 1146.75 to 1169.55 -0.84% 1.73 times
29 Mon Apr 2024 1160.15 1107.90 to 1163.45 4.72% 1.67 times
26 Fri Apr 2024 1107.90 1102.75 to 1120.00 -0.53% 0.83 times
25 Thu Apr 2024 1113.75 1089.95 to 1125.65 1.55% 1.16 times
24 Wed Apr 2024 1096.75 1089.00 to 1098.40 0.6% 0.32 times
23 Tue Apr 2024 1090.25 1082.70 to 1100.00 0.33% 0.58 times
22 Mon Apr 2024 1086.65 1070.35 to 1088.70 1.82% 0.61 times
19 Fri Apr 2024 1067.25 1048.10 to 1072.00 1.12% 0.66 times
18 Thu Apr 2024 1055.45 1050.45 to 1078.05 -1.09% 0.97 times
16 Tue Apr 2024 1067.05 1062.70 to 1074.60 -1.05% 0.66 times

Technical analysis forecast of ICICI Bank Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in ICICI Bank Limited ICICIBANK at this time. Stock is rising and might rise more.

It appears as if ICICI Bank Limited ICICIBANK gave a large move recently.

Stock of ICICI Bank Limited (ICICIBANK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of ICICI Bank Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if ICICI Bank Limited stays above 1136.3, but if it comes below 1136.3, then a intra day sell could be more profitable.
If you take a sell trade below 1136.3, then use 1136.3 as stoploss and 1107.81 as target. However if you take a buy trade in ICICI Bank Limited, then use 1136.3 as stoploss and 1170.4 as target.

More indepth analysis on MunafaSutra.com