ICICIPRULI - IntraDay Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to IntraDay Trade List📉 IntraDay Trade Rating for ICICIPRULI: 2.7
ICICI Prudential Life is currently not a high-confidence intraday setup. While fundamentally stable in some areas, the price action and momentum indicators suggest weakness. Volume is flat, trend indicators are bearish, and the stock is trading below key moving averages.
📊 Technical Indicators
RSI (37.6): Near oversold territory, but lacking volume confirmation for a reversal.
MACD (-7.19): Strong bearish signal — momentum continues to drift downward.
Current Price ₹616 sits below both DMA 50 (₹636) and DMA 200 (₹630) → clear short-term downtrend.
🔍 Volume & Price Action
Volume (6.40L) is only marginally above the 1-week average (6.05L) — no major bullish intent.
Weak upward price attempt with a strong overhead resistance near ₹630–₹636.
🧮 Valuation & Fundamentals
High P/E (70.7) vs Industry (73.9) — rich valuation that requires strong growth to justify.
PEG Ratio 4.41 — suggests future growth expectations may be too optimistic.
ROE 10.3%, ROCE 11.8% — average efficiency.
EPS ₹8.73, Book Value ₹86.7 — doesn't scream breakout.
Profit Variation: -21.8% QoQ — soft earnings momentum.
🎯 Intraday Strategy
🔸 Fresh Entry (if considering a reversal setup)
Buy Zone: ₹612–₹615 (Only if bullish candlestick forms with volume push at support zone)
Profit Target: ₹621 → ₹626
Stop Loss: ₹607 (Protect against fresh breakdown)
🔸 Already Holding
Exit Band: ₹620–₹626 (Sell into strength if price struggles near resistance zone)
Exit on Weakness: ₹607–₹608 (Close position if support gives way on rising red candles)
Trailing Stop: ₹612 (Manage risk if price begins to drift sideways)
💬 Final Word
ICICIPRULI feels like it’s in a wait-and-watch phase today — decent structure but low energy. A reactive trade could work if conditions improve, but no need to rush in. You're better off spotting volume surges or letting this one stabilize above ₹630 before getting excited.
Want help identifying an insurance stock with stronger intraday momentum or scanning a sector-wide breakout candidate? I’m all ears.
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