“ICICI Bank: Where Smart Money Steps InICICI Bank has been trading inside a long-term uptrend channel for the past 3 years. Within this structure, two clear zones are visible:
Higher Value Area (Supply Zone): Sellers dominate → price faces rejection here.
Lower Value Area (Demand Zone): Buyers dominate → price consistently bounces from here.
👉 Every time price approaches the Lower Value Area around 15 times :
(1) Buyers step in aggressively,
(2) Price reverses strongly,
(3) Risk–Reward becomes highly favorable.
(4) This makes the current setup a good accumulation point.
Now once again, price is testing the Strong Demand Zone (₹1340–1320).
Risk–Reward Setup
Buy Zone: ₹1340–1320
Immediate Resistance: ₹1390–1400
Upside Target: ₹1500–1550 (upper channel boundary)
Risk: Breakdown below ₹1320 may lead to ₹1200.
Fundamental Strength
✔️ Healthy Balance Sheet: Strong capital adequacy, well-managed NPAs.
✔️ Consistent Profit Growth: Strong momentum in NII & PAT over the years.
✔️ Retail & Digital Leadership: Leading share in retail loans + strong digital adoption.
✔️ Sector Tailwind: Indian banking credit growth projected at 14–16%, a positive for ICICI.
✔️ Valuation Comfort: Reasonable PE & PB compared to peers (HDFC Bank, Axis Bank).
