ICICI Bank Intraday Price Prediction Tomorrow, Weekly, Monthly Analysis

ICICI Bank is a major Indian bank that provides a variety of banking and financial services to both businesses and individuals. It was started in 1994 by ICICI Limited and offers services like banking, investment, and treasury operations. The bank also owns companies like ICICI Prudential Life Insurance and ICICI Home Finance. ICICI Bank has branches and offices in many countries and a large network of branches and ATMs across India.

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ICICI Bank was founded in 1994 and is located in Mumbai, India. It is part of the ICICI Group, which was created to help fund industries in India. The bank provides services like personal banking, business banking, insurance, and investment options. It is known for using technology and was one of the first to offer online banking in India. The bank has branches in countries like the US, UK, and UAE. It is listed on major stock exchanges, including the Bombay Stock Exchange, National Stock Exchange, and New York Stock Exchange, and is known for being financially strong.

The stock is in range in the daily time frame. The price tried to break out the resistance but could not do it. Some candles gave a breakout of this resistance but the candle formation was not so strong. After so many long days the price is in the bullish move. The stock is at its key level and could give you a good profit. As per our analysis, if the price sustains above the resistance you can go with a long position. So consider the multiple confirmation and trade at your own risk.

DayMinimum PriceMaximum Price
Tomorrow-12+30

The chart shows that its stock price has moved a lot over the past few months. It went up quickly in October, but soon after, the price dropped. After that, the stock price went up and down, but overall, it went lower from October to December. Starting in January, the stock began to improve, and recently, its price increased a lot. Now, after this rise, the stock is showing signs of a small drop.

MonthMinimum PriceMaximum Price
March₹1,000₹1,550

The stock has been going up for a long time, with a few small drops along the way. In March, it is expected to keep going strong, but there might be some drops as investors decide to sell and take their profits. If the market stays in good condition, the stock could continue to grow. However, outside factors like the economy and how people feel about the market will also affect the price changes.

In April, the stock might take a break after going up for some time. If people keep buying, it could help the price go higher, but there might also be a short pause as investors think about the market. Signs from the stock’s past performance suggest it has strong support, which could stop the price from falling too much. If the overall market stays steady, the stock could see some small but steady gains.

MonthMinimum PriceMaximum Price
April₹1,250₹1,450

It could be new opportunities in upcoming months, as traders search for fresh chances to invest. If the stock stays above important support levels, it could keep going up. But also, there might be more ups and downs because of outside events affecting the market. If people continue to want the stock, it could reach new highs. If something negative happens, the stock might drop a little for a short time, but overall, the long-term trend looks positive.

MonthMinimum PriceMaximum Price
May₹1,300₹1,500

It has strong financial performance, and steady growth in profits, and is working on improving its loans. As one of India’s top private banks, it benefits from the country’s growing economy and the need for more financial services. Though there are risks like rule changes, economic slowdowns, and competition, the bank’s strong finances and efforts to reduce bad loans make it a solid option for long-term investors. But it’s important to check if the stock is a good price and to consider spreading your investments to reduce risks.

It has enough buying and selling activity, and its price moves during the day. As one of India’s top private banks, its stock is easy to trade. But you should consider that intraday trading still comes with risks, such as sudden price changes, so traders need to keep an eye on the stock, use simple analysis, and have a plan to manage risks properly.

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Revenue84,83689,16395,407121,067159,516180,551
Interest44,66642,65941,16750,54374,10886,404
Expenses +85,36191,30980,79887,86499,560125,722
Financing Profit-45,190-44,805-26,558-17,341-14,152-31,575
Financing Margin %-53%-50%-28%-14%-9%-17%
Other Income +64,95072,17462,12965,11276,522101,799
Depreciation1,1711,3401,3301,5151,9350
Profit before tax18,58926,02834,24146,25660,43470,224
Tax %40%22%25%26%26%
Net Profit +11,22520,36426,53835,46146,08152,416
EPS in Rs14.7826.5836.1448.7463.0269.87
Dividend Payout %0%8%14%16%16%
ICICI Bank Intraday Price Prediction
  • ICICI Bank has many branches and ATMs all over India, making it easy for customers to access.
  • The bank offers simple and user-friendly online and mobile banking.
  • It provides savings accounts, credit cards, loans, and insurance.
  • You can get help anytime through phone or online chat.
  • ICICI Bank has branches in other countries, making foreign transactions easier.
  • The company has shown good profit growth of 59.7% CAGR over the last 5 years.
  • The company’s stock is expensive, trading at 3.26 times its book value.
  • The company may struggle to cover its interest payments.
  • The bank has contingent liabilities of ₹58,58,608 crore, which could be risky.
  •  The company’s profits include ₹1,01,799 crore from other income sources.

ICICI Bank offers services like savings accounts, loans, and insurance. The bank has made good profits over the past few years and has easy online banking. However, its stock is costly, and there are some risks, like high debts and depending on extra income. For short-term trading, the stock price changes enough, but traders should be careful because prices can change quickly. Long-term investors might like the bank’s strong finances and steady profit growth.

Yes, the stock price moves enough for intraday trading, but traders need to be careful as the price can change quickly.

Some risks are the stock being expensive, high debts, and relying on extra income for profits.

Yes, it could be good for long-term investors because the bank has strong finances and steady profit growth.

Yes, ICICI Bank has branches in countries like the US, UK, and UAE.

The stock is trading at 3.26 times its book value, which means it costs more compared to some other companies.

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