ICICI Bank remains fundamentally solid

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ICICI Bank remains fundamentally solidICICI Bank LimitedNSE_DLY:ICICIBANKraigvivekICICI Bank remains fundamentally solid — the bank reported steady quarterly improvements with Q4 FY26 showing core operating profit growth and FY26 PAT rising to about ₹50,147 crore, while asset quality improved and the board recommended a dividend, which underpins a constructive fundamental base for the coming year. Technically, momentum indicators (RSI, MACD) and other trend measures are aligned with a bullish bias, supporting a tactical buy as long as risk rules are respected. Fundamental view — Last 4 quarters & guidance Over the last four quarters ICICI Bank delivered sequential improvement in core operating metrics, led by healthy loan growth, steady NII expansion, and improving asset quality (gross NPA trending down and higher provisioning coverage), which helped FY26 PAT rise year‑on‑year to ~₹50,147 crore and supported a dividend recommendation of ₹12 per share. Key monitors for the coming quarter/year are loan growth sustainability (retail and corporate), margin trajectory amid funding cost moves, fee income momentum, and operating‑expense control — management commentary here will drive near‑term sentiment. Technical view — RSI, MACD & bullish indicators Daily and short‑term technical dashboards show supportive momentum: RSI sits in a constructive mid‑to‑upper range indicating room to run without extreme overbought readings, while MACD is positive and has recently signalled bullish alignment with rising histogram bars. Other indicators — price trading above key short‑term moving averages, bullish moving‑average alignment on shorter windows, and positive volume confirmation on up days — add conviction that the chart structure is in a bullish phase, provided key supports hold. Trading recommendation Recommendation: Buy ICICI Bank at 1370 with stoploss 1333.00 for targets 1388.75, 1407.75, 1427.05, 1446.60, and 1470. This is a tactical, momentum‑backed trade that combines improving fundamentals with constructive technicals; maintain discipline — cut if price breaches the stoploss or if key technical supports fail. Disclosure Disclosure: I am not a SEBI registered analyst/technical advisor. This post is for educational and informational purposes only and should not be treated as investment advice.