ICICI Bank Q3 results Check And Earn: In the past month, ICICI Bank shares have dropped by about 11% and have fallen to the 50 weekly EMA’s critical support zone. The region of ₹1,250 to ₹1,200, which roughly corresponds to its weekly 21 and 50 EMA, is what traders can keep an eye on for the next sessions. On a daily chart, a close above or below these levels will offer more hints.
ICICI Bank Q3 results Check And Earn
ICICI Bank Q3 results Check And Earn: ICICI Bank Q3 results: On Saturday, January 25, 2025, ICICI Bank, a prominent private sector lender, will make its December quarter results public. Due to a decrease in credit demand across the board, the bank is anticipated to record modest sequential growth.
ICICI Bank Q3 results Check And Earn: Experts predict that net profit will increase by 8–10% year over year (YoY), from ₹11,000 to ₹11,430 crore. Nonetheless, net profit may drop by 1% to 3% on a sequential basis. It is anticipated that net interest income (NII) will increase by 9–11% year over year to ₹20,400–20,600 crore. NII growth is anticipated to be flat sequentially.
ICICI Bank Q3 results Check And Earn: With net non-performing assets (NPA) at 0.4% and gross non-performing assets (NPA) at about 2%, ICICI Bank’s asset quality is predicted to remain steady. When the results are revealed, investors will also pay special attention to important indicators including the growth of loans and deposits, the net interest margin, and the percentage of non-performing assets.
ICICI Bank Q3 results Check And Earn: On Friday, January 24, ICICI Bank shares are up 0.38% at 1,206 a share ahead of the Q3 results. But thus far this month, the stock has down 6.23%.
Technical View
ICICI Bank Q3 results Check And Earn: ICICI Bank shares are currently trading in the vicinity of the critical support zone after falling to the weekly 50 exponential moving average (EMA). On the daily chart, it also gave up 200 EMA, suggesting that the overall trend is still weak. But it’s crucial to remember that ICICI Bank’s stock has dropped by about 11% since reaching its top on December 16 and produced a doji candlestick pattern on January 23.
ICICI Bank Q3 results Check And Earn: Traders can keep an eye on the doji’s peak and low because it is an indecision pattern. Additional hints will be revealed by a closing that is either above or below the doji’s high.
Options outlook
ICICI Bank Q3 results Check And Earn: The open interest data for the 30 January expiry shows a notable concentration of call and put options at the 1200 strike.
Both call and put options are priced at ₹49, while ICICI Bank’s at-the-money (ATM) strike for the 30 January expiry is at 1200. Based on the closing price as of January 25, this pricing suggests that traders expect a possible price change of ±4.1%.
ICICI Bank Q3 results Check And Earn: Analyzing ICICI Bank’s past price behavior during prior earnings announcements is crucial for making better trading decisions.
Options strategy for ICICI Bank
ICICI Bank Q3 results Check And Earn: Based on volatility estimates, ICICI Bank’s options data for the 30 January expiry suggests a possible price movement of ±4.1% in either direction, providing strategic chances.
ICICI Bank Q3 results Check And Earn: A long straddle could be a good tactic for traders who expect volatility to rise. Purchasing an ATM call and put option with the same strike price and expiration date is what this entails. If the price of ICICI Bank swings significantly in either direction outside the range of ±4.1%, this method makes money.
ICICI Bank Q3 results Check And Earn: However, a short straddle can be a better course of action if you think volatility will be muted. This means making money if the ICICI Bank stays within the ±4.1% range by selling ATM call and put options with the same strike and expiration.
ICICI Bank Q3 results Check And Earn: Do you want to know more about Straddles? For a more thorough look, view our UpLearn instructional materials. Join our community and contact us if you’re interested in learning more about past earnings price data similar to the one above; we’d be pleased to share it with you!
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