ICICI Bank share Marathi News: The stock market is booming and on Tuesday In Muhurat trading session On entry, the market appears to be in a strong mood, with investors confident that the Nifty will cross the 26,000 level soon. Sensex is also at highs and its next level, 85,000, is very close to it. In Tuesday’s trading session, the Sensex touched a fresh high of 84,656 and closed at 84,426. Nifty rose 25 points to close at 25,868. During muhurta trading Investors symbolically Large-cap stocks bought .
Markets have been bullish since last week, as corporate earnings improved. While the market has been bullish for the last four days, ICICI Bank’s share price has been negative for the last five days. Even in Muhurta transactions of ICICI Bank Limited Shares closed down 0.65% at 1,381.30. Despite the buying trend in large-cap stocks, shares of ICICI Bank remained unsold. The second-largest private sector bank on Saturday announced its financial results for the second quarter of the current financial year, following of ICICI Bank Share prices fell.
ICICI Bank reported a standalone net profit of Rs 12,359 crore in the second quarter, up 5.2 percent from Rs 11,745.9 crore in the same period last year. Net interest income also grew by 7.4 per cent year-on-year to ₹21,529.5 crore from ₹20,048 crore in Q2FY25. Despite these results, the share price of ICICI Bank has been falling, as the market expected better results from the bank.
Looking at the daily chart of ICICI Bank, Monday’s trading session saw a strong bearish Marubuzu candle, indicating weakness in the stock. After this candle, the share price turned to sell-on-rise, which would continue till ICICI Bank shares closed above ₹1415. This banking stock may remain under pressure.
If the stock reaches ₹1400, it can be considered a sell-off. Any pullback before closing above ₹1415 could trigger a sell-off. On the downside, ICICI Bank shares could touch ₹1345. There is a big buying zone between ₹1345 and ₹1360. If the stock reaches this low, a bounce back is expected.
ICICI Bank shares remained weak. If a return to the ₹1,400 level is likely, a short sale can be initiated in this stock at ₹1,405 to ₹1,415, with a stop loss between ₹1,417 and ₹1,420. On the downside, the target could reach ₹1,360. Thus, it can be a trade with a 1:4 risk-reward ratio.
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