ICICIBANK trade ideas
icici bank price avtion
NSE:ICICIBANK
news aid its consolidated net profit jumped to 80.06 billion Indian rupees ($967.8 million) in the fiscal second quarter from 60.92 billion rupees a year ago, beating the 71.04 billion-rupee net profit estimate by analysts polled by Visible Alpha.
has partnered with the National Payments Corp. of India to launch a range of credit cards on the RuPay payments network, according to a Monday statement.
The ICICI Bank Coral RuPay Credit Card is a contactless card that offers a number of privileges and benefits.
ICICI Bank trading ideasNow , it's simply we can see a H & S pattern formed on ICICI Bank it indicates big fall cause it has started from August sell below 840 or from current level stoploss 883 and target 750 yes I see again I'm here with most intensive analysis which have helped you every time history u can check in my profile, after long time I'm posting so I need your support 🙏 again and again do like, comment. Thanks you.
Looking for a buy on correctionICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Vadodara. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
Core operating profit (profit before provisions and tax, excluding treasury income) grew by 19% year-on-year to 10,273 crore (US$ 1.3 billion) in the quarter ended June 30, 2022 (Q1-2023)
Net interest income grew by 21% year-on-year in Q1-2023
Profit after tax grew by 50% year-on-year to ` 6,905 crore (US$874 million) in Q1-2023
Total period-end deposits grew by 13% year-on-year to 1,050,349 crore (US$ 133.0 billion) at June 30, 2022
Average current account and savings account (CASA) ratio was 45.8% in Q1-2023
Domestic loan portfolio grew by 22% year-on-year
I expect a correction to come in this stock in the coming weeks. Will look for a buy after the end of correction
Goodluck!
Icici Bank Elliott Wave AnalysisThe stock has very high liquidity everyday and has been moving in great impulse for last 2-3 months and now the correction is getting completed as expanding flat pattern.After the end of correction at the shown level the wave 3 impulse will start for the target of 1200 level in coming months.