January 8, 2026, ICICI Bank (ICICIBANK) is showing a Bullish to Neutral stance. After a recent period of consolidation, the stock has shown strength, trading near the upper end of its 52-week range (₹1,187 – ₹1,494).
Below is the technical breakdown and strategy for various time horizons based on the current market price (CMP) of ₹1,434.
Technical Snapshot
Parameter Value / Level Trend Short-term: Bullish RSI (14) 43.2 - 55.0 (Improving from oversold towards neutral) Moving Averages Above 5-day and 20-day SMAs; testing 50-day SMA resistance. Immediate Support ₹1,410 Immediate Resistance ₹1,442
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Trading & Investment View
- Short Term (1–15 Days) The stock is currently gathering momentum. It recently bounced off the ₹1,350-₹1,360 support zone.
Side: BUY on dips or above ₹1,442.
Targets: ₹1,470 | ₹1,495
Stop Loss: ₹1,405 (Closing basis)
- Medium Term (1–6 Months) ICICI Bank is preparing for a breakout toward its all-time highs. Quarterly results (scheduled for Jan 17, 2026) will be the primary catalyst.
Side: BUY/HOLD
Targets: ₹1,525 | ₹1,580
Stop Loss: ₹1,340
- Long Term (1 Year+) Fundamentals remain robust with high ROE (~16-17%) and low NPAs. Analysts maintain a "Strong Buy" consensus with significant upside potential.
Side: ACCUMULATE
Targets: ₹1,735 | ₹1,850
Stop Loss: ₹1,250
Support and Resistance Matrix
Traders should use these "Pivot" levels for intraday and swing entries:
Level Type Support (S) Resistance (R) Level 1 ₹1,410 (Pivot) ₹1,442 (Breakout Point) Level 2 ₹1,395 (Strong Support) ₹1,470 (Minor Barrier) Level 3 ₹1,360 (Major Base) ₹1,500 (Psychological Level)
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Strategy Summary
For Buyers: Look to enter at CMP or on a minor dip toward ₹1,415. Avoid chasing the stock if it gaps up significantly above ₹1,450 without a retest.
For Sellers: If the stock fails to cross ₹1,445 and breaks below ₹1,400, a short-term sell-off toward ₹1,360 could occur.
Note: The upcoming Quarterly Results on January 17, 2026, are critical. High volatility is expected around this date.
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