HDFC Bank and ICICI Bank Show Bullish Momentum Post-Q1 Results: What’s Next?

Mumbai (Maharashtra), July 21, 2025: Following the release of their latest quarterly earnings, banking giants HDFC Bank and ICICI Bank have seen significant positive movement in their stock prices. Both banks recorded gains of over 2% on Monday, driven by strong financial results, exciting both traders looking for immediate capitalisation and long-term investors assessing future moves. Technical analysis of their stock charts suggests this bullish trend might continue through 2025.

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ICICI Bank: Poised for Continued Upside

ICICI Bank’s weekly chart displays a Higher High – Higher Low structure, a classic indicator of a bullish trend according to Dow Theory. This pattern, combined with multiple bullish breakout formations, confirms the underlying strength of the ongoing uptrend.

Currently, the stock is trading within a rectangle pattern with a bullish bias, suggesting a potential breakout that could reignite its upward trajectory. A rising trendline (marked in black on charts) has consistently acted as strong support, indicating that bulls are actively buying at dips.

Further supporting this bullish outlook is the 50-Week Exponential Moving Average (50WEMA) Channel. This zone has historically served as an accumulation area for traders. A breach below this channel and the rising trendline would signal a potential trend reversal. Until then, bulls appear to be firmly in control.

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HDFC Bank: Sustaining an All-Time High Rally

HDFC Bank has been on a strong bullish run, recently hitting a new all-time high of ₹2,022 just before its quarterly results. The Higher High – Higher Low structure on its chart confirms a structurally bullish uptrend.

Earlier in 2024, the stock successfully broke out of an Ascending Triangle pattern, a bullish continuation formation. Following this breakout, the price pulled back to retest the breakout zone. In technical analysis, such a retest is seen as a sign of strength and often provides a second entry opportunity, validating the initial breakout.

This successful retest was met with renewed bullish momentum, showing strong re-entry by buyers on the dip. The prevailing trend suggests that HDFC Bank’s bullish momentum is likely to persist throughout the remainder of 2025, assuming broader market conditions remain favourable.

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Disclaimer: This analysis is for educational purposes only and is not a recommendation to buy or sell any securities. Investors should consult with a financial advisor before making any investment decisions.