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ICICI Bank Limited

Check the daily chart of ICICI Bank Limited. The closing price of 2021-09-07 was INR 716.55 per share.

ICICI Bank Limited Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

ICICI Bank Limited Daily Moving Averages ChartICICI Bank Limited Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of ICICI Bank Limited:

  • The Moving Average Convergence/Divergence (MACD) is 11.105. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is higher than the signal line. This is a bullish indication. +1
ICICI Bank Limited Daily Moving Average Convergence/Divergence (MACD) ChartICICI Bank Limited Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of ICICI Bank Limited:

  • The ADX is 27.290. Strong Trend. +1
  • The ADX is rising, the current trend is strengthening. +1
  • The +DI is higher than the -DI. The current trend is up. +2
ICICI Bank Limited Daily Directional Movement Index (DMI) ChartICICI Bank Limited Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • ICICI Bank Limited Daily Parabolic SAR ChartICICI Bank Limited Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    ICICI Bank Limited Daily Relative Strength Index (RSI) ChartICICI Bank Limited Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is above 50. +1
    ICICI Bank Limited Daily Stochastic Oscillator ChartICICI Bank Limited Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    ICICI Bank Limited Daily Commodity Channel Index (CCI) ChartICICI Bank Limited Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    ICICI Bank Limited Daily Chande Momentum Oscillator (CMO) ChartICICI Bank Limited Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    ICICI Bank Limited Daily Williams %R ChartICICI Bank Limited Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    ICICI Bank Limited Daily Bollinger Bands ChartICICI Bank Limited Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    ICICI Bank Limited Daily Average True Range (ATR) ChartICICI Bank Limited Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    ICICI Bank Limited Daily On-Balance Volume (OBV) ChartICICI Bank Limited Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    ICICI Bank Limited Daily Money Flow Index (MFI) ChartICICI Bank Limited Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for ICICI Bank Limited.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2021-08-27SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside
    STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    ATR SHORT ENTRY LONG CLOSE
    2021-08-30MACD LONG ENTRY SHORT CLOSE
    2021-08-31WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2021-09-01STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2021-09-03WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2021-09-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside

    5.2. Technical Score

    Let's check the technical score of ICICI Bank Limited based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5061.242
    Ma 20Greater thanMa 50703.890
    Ma 50Greater thanMa 100680.671
    Ma 100Greater thanMa 200650.941
    OpenGreater thanClose722.400
    Total5/5 (100.0%)

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