ICICI BANK LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	IBN
ISIN:

ICICI BANK LTD. - 1H - Technical analysis published on 12/18/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

22%

50%

My opinion

Bullish above 24.41 USD

My targets

25.04 USD (+2.04%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ICICI BANK LTD.. As long as you are above the support located at 24.41 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 25.04 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 24.41 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ICICI BANK LTD. price is 24.54 USD. The price is lower by -0.04% since the last closing and was between 24.44 USD and 24.55 USD. This implies that the price is at +0.41% from its lowest and at -0.04% from its highest.

24.44

24.55

24.54

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ICICI BANK LTD.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ICICI BANK LTD. in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	23.08	23.82	24.41	24.54	24.66	25.04
Change (%)	-5.95%	-2.95%	-0.54%	-	+0.49%	+2.04%
Change	-1.46	-0.73	-0.13	-	+0.12	+0.50
Level	Major	Minor	Minor	-	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.24	24.37	24.46	24.59	24.68	24.81	24.90
Camarilla	24.49	24.51	24.53	24.55	24.57	24.59	24.61
Woodie	24.22	24.36	24.44	24.58	24.66	24.80	24.88
Fibonacci	24.37	24.45	24.51	24.59	24.67	24.73	24.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.36	23.80	24.17	24.61	24.98	25.42	25.79
Camarilla	24.33	24.40	24.48	24.55	24.62	24.70	24.77
Woodie	23.34	23.78	24.15	24.59	24.96	25.40	25.77
Fibonacci	23.80	24.11	24.30	24.61	24.92	25.11	25.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.71	21.36	21.77	22.42	22.83	23.48	23.89
Camarilla	21.88	21.98	22.07	22.17	22.27	22.36	22.46
Woodie	20.58	21.30	21.64	22.36	22.70	23.42	23.76
Fibonacci	21.36	21.77	22.02	22.42	22.83	23.08	23.48

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.11
MACD (12,26,9):	0.0100
Directional Movement:	3.06
AROON (14):	-78.57
DEMA (21):	24.58
Parabolic SAR (0,02-0,02-0,2):	24.72
Elder Ray (13):	-0.02
Super Trend (3,10):	24.74
Zig ZAG (10):	24.53
VORTEX (21):	0.9200
Stochastique (14,3,5):	23.16
TEMA (21):	24.49
Williams %R (14):	-69.83
Chande Momentum Oscillator (20):	-0.16
Repulse (5,40,3):	0.0900
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	1.56

MA7:	24.49
MA20:	23.44
MA50:	22.89
MA100:	23.13
MAexp7:	24.52
MAexp20:	24.54
MAexp50:	24.38
MAexp100:	23.97
Price / MA7:	+0.20%
Price / MA20:	+4.69%
Price / MA50:	+7.21%
Price / MA100:	+6.10%
Price / MAexp7:	+0.08%
Price / MAexp20:	-0%
Price / MAexp50:	+0.66%
Price / MAexp100:	+2.38%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on ICICI BANK LTD. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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