Stock Radar: ICICI Bank on track to hit fresh record high; rallies over 20% in 6 months

The private banking stock peaked at Rs 1,361 on September 20, 2024, but lost momentum, slipping below key short-term moving averages. However, it found support above the 100-DMA in November. From its November lows, the stock rallied nearly 10%, climbing from Rs 1,107 on June 13, 2024, to Rs 1,344 on December 13, marking a 21% gain over six months. This rally enabled the stock to reclaim most short-term moving averages in December, signalling bullish strength.