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ICICI BANK LTD.
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 03/01/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 25.96 USD
My targets
26.95 USD (+1.73%)
My analysis
ICICI BANK LTD. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 25.96 USD. The next resistance located at 26.95 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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.

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

Additional analysis

Quotes

The ICICI BANK LTD. rating is 26.49 USD. On the day, this instrument gained +3.44% and was traded between 26.31 USD and 26.58 USD over the period. The price is currently at +0.68% from its lowest and -0.34% from its highest.

26.31
26.58
26.49

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ICICI BANK LTD.:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


A technical analysis in 1H of this ICICI BANK LTD. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



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:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 25.24 25.60 25.96 26.49
Change (%) -4.72% -3.36% -2.00% -
Change -1.25 -0.89 -0.53 -
Level Intermediate Intermediate Major -



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.3225.3825.5025.5625.6825.7425.86
Camarilla25.5625.5825.5925.6125.6325.6425.66
Woodie25.3425.4025.5225.5825.7025.7625.88
Fibonacci25.3825.4525.5025.5625.6325.6825.74


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.2524.6625.1525.5626.0526.4626.95
Camarilla25.3825.4725.5525.6325.7125.8025.88
Woodie24.2824.6825.1825.5826.0826.4826.98
Fibonacci24.6625.0125.2225.5625.9126.1226.46


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.6722.6024.1125.0426.5527.4828.99
Camarilla24.9425.1625.3925.6125.8326.0626.28
Woodie21.9522.7524.3925.1926.8327.6329.27
Fibonacci22.6023.5424.1125.0425.9826.5527.48

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 83.19
MACD (12,26,9): 0.2200
Directional Movement: 41.66
AROON (14): 57.14
DEMA (21): 26.06
Parabolic SAR (0,02-0,02-0,2): 25.59
Elder Ray (13): 0.54
Super Trend (3,10): 26.05
Zig ZAG (10): 26.49
VORTEX (21): 1.1100
Stochastique (14,3,5): 93.02
TEMA (21): 26.23
Williams %R (14): -6.97
Chande Momentum Oscillator (20): 1.16
Repulse (5,40,3): 0.2000
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 5.81
MA7: 25.73
MA20: 24.97
MA50: 24.38
MA100: 23.64
MAexp7: 26.18
MAexp20: 25.82
MAexp50: 25.57
MAexp100: 25.26
Price / MA7: +2.95%
Price / MA20: +6.09%
Price / MA50: +8.65%
Price / MA100: +12.06%
Price / MAexp7: +1.18%
Price / MAexp20: +2.59%
Price / MAexp50: +3.60%
Price / MAexp100: +4.87%

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.

About author

Londinia
Londinia AI

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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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