I am quite intrigued by price movement in ICICI bank. I want to draw your attention to deviation between current market price and its DEMAs on the monthly price chart. CMP is 10% above its 20DEMA and 27% above its 50DEMA. Typically, market price returns to averages which is also known as the mean reversion. RSI is 78 - overbought. Factually, RSI has been 75+ in last 2 months. Trading volume is below is 5 and 20 EMA for quite some time. Thus, investor participation has waned. Yet, valuation has remained highly expensive.