ICICI Bank Share Price Target and Analysis

Welcome to Moneysena! Let’s forecast ICICI Bank Share Price Target. There are a lot of websites. Choosing to visit this site means there is something special waiting for you here. We have done fundamental and technical analysis to help you invest suitably.

1. ICICI Bank Overview

ICICI BANK Share is one of the Blue chip shares. The bank is the largest bank in the Indian Private Banking Industry. It offers financial services almost in all business segments. It offers personal loans, home loans, vehicle loans, Business Loan etc. It also provides various Insurance through its subsidiaries. You can visit the official website for any kind of financial need- ICICIBANK.COM
ICICI Bank The ticker symbol is ICICI BANK.

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2. Fundamentals of Share

3. Technical Analysis

We will study a multi-timeframe chart of the share. We will try to predict the price targets for the short term. We will also predict targets for the medium-term and long-term as below.

Monthly Chart of stock

Below we have a monthly time frame chart of the ICICI Bank stock. Monthly charts are mainly used for Investment purpose or we can say long term views.

f we try to analyze it, it has given a multiyear breakout for 600 in 2021. It was retested in March 2022, almost one year later. After retesting to date it has almost doubled within two years. Its current market price is 1307 on 29 Sept 2024. From here on, we believe it will start to gain good momentum. Its price is moving in a narrow range in its upward journey. so it might again double in two years.

Weekly chart of Stock

we have a weekly time frame chart below of the ICICI Bank stock. Weekly charts are mainly studied for medium trading view.

From the chart, we can clearly say that it had made the ascending triangular chart pattern and given breakout. After that stock made a retest of the breakout level which comes to about 1100. The stock with this pattern is given 20% of return from 1100 to 1348. If someone interested in entering should wait to grab the stock between 1250-1275.

Daily chart of Stock

In daily charts the stock runs in an upward parallel channel. and currently at the top. The best entry will be on the lower line of the parallel channel. Then only will have a good risk-reward ratio. The best entry will be in the range of 1250 to 1275. The target should be the upper line of the parallel channel. This comes to 1400 to 1450. Which will be near about 16% profit within 15 days to 2 months.

Daily candlestick pattern normally used for swing trading. for swing trading to make an entry always check 15min candlestick chart pattern.

4. ICICI Bank Share Price Target for 2024, 2025,…..,2030.

5. ICICI Bank Share Price Target for 2031, 2032,…..,2040.

6. ICICI Bank Share Price Target for 2041, 2042,…..,2050.

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7. FAQ

Disclaimer– The views shared here are only for educational purposes. We are not SEBI registered.
Please take advice from your personal finance adviser. We are not responsible for any loss incurred by you in the above shared study.

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