ICICI Bank Limited technical analysis
Technical analysis of ICICI Bank Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is ICICI Bank Limited
ICICI Bank Limited is a bank that provides banking and financial services to retail and corporate customers in India and internationally. The company operates through divisions focused on retail banking, wholesale banking, life and general insurance, asset management, and other financial services. Its products and services include current and savings accounts, personal and commercial loans, investment and asset management services, as well as treasury solutions and rural banking operations.
Description generated automatically from public sources; it may be inaccurate or out of date.
ICICI Bank Limited: latest session data
Closing values for October 16, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
28.05 $
+6.93%
50 sessions
28.98 $
+3.49%
200 sessions
28.41 $
+5.58%
Session levels
s2
29.07
Support
s1
29.25
Support
pivot
29.39
Pivot
r1
29.57
Resistance
r2
29.71
Resistance
How to read it
In the October 16, 2026 session ICICI Bank Limited closed higher at 29.99 $, +1.87% versus the previous session.
The price sits above every moving average observed: +6.93% against the 21-session average, +3.49% against the 50 and +5.58% against the 200.
The 14-period RSI reads 68.7, in neutral territory.
MACD stands at 0.054 against a signal line at -0.236: the histogram is positive (+0.290).
ADX reads 17.8, indicating weak directionality.
Levels computed on the latest session place supports at 29.25 and 29.07 $ and resistances at 29.57 and 29.71 $, around a pivot of 29.39.
The average daily range (ATR) is 0.512 $, or 1.71% of price.
Turnover was 7M shares, 147% of the 20-session average.
Over the last twelve months the price ranged between 24.96 and 30.67 $, and today stands −2.22% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about ICICI Bank Limited
How is ICICI Bank Limited analysed technically?
Technical analysis of ICICI Bank Limited is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for ICICI Bank Limited?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to ICICI Bank Limited?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to ICICI Bank Limited it helps frame the technical structure of the historical chart and is not a forecast.
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