ICICI BANK LTD. - Daily - Technical analysis published on 09/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 29.37 USD
My targets
32.37 USD (+3.28%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ICICI BANK LTD. as long as the price remains well above 29.37 USD. The buyers' bullish objective is set at 32.37 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ICICI BANK LTD. rating is 31.34 USD. The price has increased by +1.82% since the last closing and was traded between 31.33 USD and 31.60 USD over the period. The price is currently at +0.03% from its lowest and -0.82% from its highest.31.33
31.60
31.34
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ICICI BANK LTD. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 25.55 | 27.55 | 29.37 | 31.34 |
| Change (%) | -18.47% | -12.09% | -6.29% | - |
| Change | -5.79 | -3.79 | -1.97 | - |
| Level | Intermediate | Major | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.43 | 30.53 | 30.66 | 30.76 | 30.89 | 30.99 | 31.12 |
| Camarilla | 30.72 | 30.74 | 30.76 | 30.78 | 30.80 | 30.82 | 30.84 |
| Woodie | 30.44 | 30.54 | 30.67 | 30.77 | 30.90 | 31.00 | 31.13 |
| Fibonacci | 30.53 | 30.62 | 30.68 | 30.76 | 30.85 | 30.91 | 30.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.93 | 28.29 | 28.95 | 29.31 | 29.97 | 30.33 | 30.99 |
| Camarilla | 29.34 | 29.43 | 29.53 | 29.62 | 29.71 | 29.81 | 29.90 |
| Woodie | 28.09 | 28.37 | 29.11 | 29.39 | 30.13 | 30.41 | 31.15 |
| Fibonacci | 28.29 | 28.68 | 28.92 | 29.31 | 29.70 | 29.94 | 30.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.50 | 26.26 | 27.79 | 28.55 | 30.08 | 30.84 | 32.37 |
| Camarilla | 28.68 | 28.89 | 29.10 | 29.31 | 29.52 | 29.73 | 29.94 |
| Woodie | 25.88 | 26.45 | 28.17 | 28.74 | 30.46 | 31.03 | 32.75 |
| Fibonacci | 26.26 | 27.14 | 27.68 | 28.55 | 29.43 | 29.97 | 30.84 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 77.20 | |
| MACD (12,26,9): | 0.6000 | |
| Directional Movement: | 32.86 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 30.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.04 | |
| Elder Ray (13): | 1.55 | |
| Super Trend (3,10): | 30.10 | |
| Zig ZAG (10): | 31.40 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 94.74 | |
| TEMA (21): | 30.66 | |
| Williams %R (14): | -6.47 | |
| Chande Momentum Oscillator (20): | 1.80 | |
| Repulse (5,40,3): | -0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 8.67 |
| MA7: | 30.25 | |
| MA20: | 29.47 | |
| MA50: | 28.78 | |
| MA100: | 28.01 | |
| MAexp7: | 30.38 | |
| MAexp20: | 29.59 | |
| MAexp50: | 28.86 | |
| MAexp100: | 28.02 | |
| Price / MA7: | +3.60% | |
| Price / MA20: | +6.35% | |
| Price / MA50: | +8.90% | |
| Price / MA100: | +11.89% | |
| Price / MAexp7: | +3.16% | |
| Price / MAexp20: | +5.91% | |
| Price / MAexp50: | +8.59% | |
| Price / MAexp100: | +11.85% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on ICICI BANK LTD. at the time of the generation of this analysis was as follows:
- ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India
- ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India
- ICICI Bank Limited Files Annual Report on Form 20-F for Fiscal Year 2023
- ICICI Bank Limited Files Annual Report on Form 20-F for Fiscal Year 2022
- ICICI Bank Limited Files Annual Report in Form 20-F
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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