ICICIGI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | ICICIGI | Market Cap | 90,821 Cr. | Current Price | 1,829 ₹ | High / Low | 2,075 ₹ |
| Stock P/E | 33.2 | Book Value | 331 ₹ | Dividend Yield | 0.68 % | ROCE | 24.9 % |
| ROE | 18.8 % | Face Value | 10.0 ₹ | DMA 50 | 1,910 ₹ | DMA 200 | 1,914 ₹ |
| Chg in FII Hold | -0.69 % | Chg in DII Hold | 0.84 % | PAT Qtr | 659 Cr. | PAT Prev Qtr | 820 Cr. |
| RSI | 37.9 | MACD | -36.6 | Volume | 2,65,622 | Avg Vol 1Wk | 9,76,615 |
| Low price | 1,613 ₹ | High price | 2,075 ₹ | PEG Ratio | 1.31 | Debt to equity | 0.00 |
| 52w Index | 46.8 % | Qtr Profit Var | -9.06 % | EPS | 55.0 ₹ | Industry PE | 33.2 |
📊 Chart & Trend Analysis: ICICIGI is trading at ₹1,829, below both its 50 DMA (₹1,910) and 200 DMA (₹1,914), indicating short-term weakness. RSI at 37.9 suggests the stock is nearing oversold territory. MACD at -36.6 confirms bearish momentum. Current volume (2.65L) is significantly lower than the weekly average (9.76L), showing weak participation. Bollinger Bands indicate price near the lower band, reinforcing bearish consolidation.
📈 Momentum Signals: Short-term momentum is weak, with RSI oversold and MACD bearish crossover. Low volume participation further limits breakout potential.
🎯 Entry Zone: ₹1,800 – ₹1,820 (near immediate support)
🚪 Exit Zone: ₹1,900 – ₹1,930 (near resistance at 50 DMA)
🔎 Trend Status: Consolidating with bearish bias. Sustained trade below ₹1,800 could trigger reversal towards ₹1,750, while recovery above ₹1,930 may signal bullish trend resumption.
Positive
- Strong ROCE (24.9%) and ROE (18.8%) highlight efficient capital use.
- Debt-free balance sheet ensures financial stability.
- EPS of ₹55.0 reflects consistent profitability.
- Increase in DII holding (+0.84%) signals domestic institutional support.
Limitation
- Stock trading below both 50 DMA and 200 DMA signals weakness.
- High P/E ratio (33.2) compared to industry average (33.2) suggests fair but elevated valuation.
- PEG ratio of 1.31 indicates moderately expensive growth prospects.
- Dividend yield of 0.68% is modest.
- Weak trading volume reduces conviction in recovery moves.
Company Negative News
- Decline in FII holding (-0.69%) signals reduced foreign investor confidence.
- Sequential PAT decline from ₹820 Cr. to ₹659 Cr. highlights earnings pressure.
- Quarterly profit variation of -9.06% shows slowdown in profitability.
Company Positive News
- Debt-free structure provides strong financial stability.
- Increase in DII holding reflects renewed domestic institutional interest.
Industry
- Insurance sector remains resilient with rising demand for health and general insurance products.
- Industry P/E at 33.2 highlights moderate sector valuation, aligned with ICICIGI’s current P/E.
Conclusion
⚖️ ICICIGI is consolidating with a bearish bias. Entry near ₹1,800–₹1,820 offers cautious accumulation, while exits near ₹1,900–₹1,930 provide short-term profit booking. Strong fundamentals and debt-free balance sheet support long-term holding, but weak technicals, earnings slowdown, and declining foreign investor confidence warrant cautious positioning.
Would you like me to extend this into a peer benchmarking overlay (HDFC Life, SBI Life, ICICI Prudential Life) so you can compare ICICIGI’s relative strength within the insurance basket?