ICICI Bank share price jumped 1.2 percent on Friday. The private banking major touched intraday high at Rs 1,349 before closing the session at Rs 1,337.95. The stock is closed to its 52-week highs and we could see a fresh yearly high soon for ICICI Bank. The stock has offered 10 percent returns to investors over the last one month but for the last six months, the returns have been almost flat at 1.2 percent. ICICI Bank has given a bullish breakout on technical charts and if markets remain positive, we can expect momentum to continue in ICICI Bank. TopNews Team has reviewed technical charts for ICICI Bank for traders and short term investors.

Market Snapshot and Key Financial Metrics

Current Stock Metrics

Below is a snapshot of the key financial indicators for ICICI Bank:

ICICI Bank has demonstrated resilient upward movement over the past year, and the proximity to its 52-week high signals strong investor confidence. The consistent dividend yield and stable earnings reinforce the stock’s appeal for both growth and income-oriented investors.

Analyst Sentiment and Target Price Projections

Recent analyst coverage within the last quarter has reiterated a bullish stance on the stock. Multiple brokerages have revised their price targets upward, with most setting targets between ₹1,500 and ₹1,575, suggesting a potential upside of 12–17% from current levels. The consensus rating across institutional reports remains “Buy,” underpinned by improving asset quality, robust credit growth, and a strong digital transformation strategy.

Technical Analysis: Three-Fold Insight

Candlestick Pattern Analysis

ICICI Bank formed a bullish engulfing candlestick on the daily chart this week, signaling renewed momentum after a brief consolidation phase. This pattern is typically a sign of strength, where buyers take control after a period of indecision. The volume profile accompanying this move has also shown a positive divergence, lending further credibility to the bullish trend.

Fibonacci Retracement Levels

Based on the stock’s 52-week range (₹1,048.10 to ₹1,362.35), key Fibonacci levels are calculated as follows:

The stock currently trades well above the 38.2% level, reflecting healthy bullish strength and confirming upward continuation unless major resistance zones are tested.

Support and Resistance Levels

ICICI Bank’s current technical range offers insights into possible breakout or pullback scenarios:

Immediate Support: ₹1,272

Near-term Resistance: ₹1,346

Major Resistance: ₹1,362.35 (52-week high)

A decisive breakout above ₹1,362.35 would signal a potential rally to ₹1,400 and beyond, whereas a failure at resistance could invite a correction toward the ₹1,270–₹1,230 zone.

Strategic Outlook and Investor Considerations

ICICI Bank’s fundamentals are aligned with broader macro trends favoring private banking in India. Rising credit demand, lower non-performing asset (NPA) ratios, and a shift toward retail-focused banking bode well for future growth. The technical setup remains bullish with immediate potential to test new highs, while analysts’ revisions provide further conviction.

Investment Strategy: Investors may consider entering on dips near ₹1,280–₹1,300, with an eye on the ₹1,400–₹1,500 target range over the medium term. Risk management is key, with a suggested stop-loss at ₹1,230.