ICICIBANK

Fundamental View- ICICI Bank, one of India's leading private sector banks, continues to deliver strong financial performance driven by robust profit growth, healthy margins, and stable asset quality. In Q4 FY25, the bank reported a standalone net profit of ₹12,200 crore, marking a 19.2% year-on-year rise, supported by strong loan and deposit growth of around 14-16% and a healthy CASA ratio of approximately 39%. Technical View- As observed on both the daily and weekly charts, the stock has been showing strong buying momentum. Last week, consistent buying was seen in the stock, bringing it very close to its lifetime high. On 26th May 2025, the stock made a high of ₹1471.50, after which it witnessed a short-term decline. However, throughout the correction, the stock consistently took support at its 55-day EMA, holding the crucial ₹1400 level, from where a reversal was observed. On 19th June, the stock made a low of ₹1404.80, and on 27th June, it touched a high of ₹1465.70 before closing at ₹1462.20. In the short term, the stock is still holding above its 14-day EMA, which is currently around ₹1425.00. On the daily chart, a double bottom structure is also visible, further strengthening the bullish outlook. The stock continues to take strong support at its 14-day and 55-day EMAs, both in the short and long term. In my view, a "buy on dip" strategy can be considered with a strong support level at ₹1400.00. If the positive momentum sustains, the stock is likely to form higher highs and higher lows, potentially touching the ₹1500.00 level in the near term. Warning- ***** ***** ***** *****