ICICIGI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | ICICIGI | Market Cap | 91,317 Cr. | Current Price | 1,830 ₹ | High / Low | 2,075 ₹ |
| Stock P/E | 33.4 | Book Value | 331 ₹ | Dividend Yield | 0.68 % | ROCE | 24.9 % |
| ROE | 18.8 % | Face Value | 10.0 ₹ | DMA 50 | 1,893 ₹ | DMA 200 | 1,908 ₹ |
| Chg in FII Hold | -0.69 % | Chg in DII Hold | 0.84 % | PAT Qtr | 659 Cr. | PAT Prev Qtr | 820 Cr. |
| RSI | 38.3 | MACD | -16.2 | Volume | 9,82,498 | Avg Vol 1Wk | 6,74,809 |
| Low price | 1,660 ₹ | High price | 2,075 ₹ | PEG Ratio | 1.31 | Debt to equity | 0.00 |
| 52w Index | 41.0 % | Qtr Profit Var | -9.06 % | EPS | 55.0 ₹ | Industry PE | 33.4 |
📊 Chart & Trend Analysis: ICICIGI is trading at ₹1,830, below both its 50 DMA (₹1,893) and 200 DMA (₹1,908), reflecting short-term weakness. RSI at 38.3 indicates near oversold conditions, while MACD at -16.2 confirms bearish crossover. Bollinger Bands show price leaning toward the lower band, suggesting selling pressure. Volume is above average, showing strong participation in the downtrend.
📈 Momentum Signals: Short-term momentum is weak, with RSI near oversold and MACD negative. A rebound may occur if support holds, but trend remains bearish. Consolidation is possible before reversal attempts.
💹 Entry & Exit Zones:
- Optimal Entry: ₹1,800–₹1,830 (near support, oversold RSI)
- Stop-Loss: ₹1,660 (recent low)
- Exit Zone: ₹1,890–₹1,910 (near 50 & 200 DMA resistance)
- Major Resistance: ₹2,075 (recent high)
📉 Trend Status: The stock is consolidating with bearish bias, supported by oversold RSI but capped by strong moving average resistances.
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.
- DII holdings increased (+0.84%), showing domestic institutional support.
Limitation
- P/E of 33.4 is high compared to industry average (33.4), suggesting premium valuation.
- PEG ratio of 1.31 indicates moderately expensive growth prospects.
- Dividend yield of 0.68% is modest.
- Price trading below both 50 DMA and 200 DMA shows weak technical strength.
Company Negative News
- FII holdings decreased (-0.69%), showing reduced foreign investor confidence.
- Quarterly PAT declined to ₹659 Cr. from ₹820 Cr., reflecting earnings pressure.
- Quarterly profit variation of -9.06% highlights operational weakness.
Company Positive News
- DII holdings increased (+0.84%), showing domestic institutional support.
- Strong fundamentals with debt-free balance sheet and consistent EPS.
Industry
- Insurance industry benefits from rising demand for health, motor, and digital policies.
- Industry PE at 33.4 highlights fair valuations compared to ICICIGI’s premium positioning.
Conclusion
⚖️ ICICIGI is technically consolidating with bearish bias, trading below key moving averages. Traders may consider entry near ₹1,800–₹1,830 with strict stop-loss at ₹1,660, targeting ₹1,890–₹1,910 in the short term. Long-term investors may find value given strong fundamentals and debt-free balance sheet, but should be cautious of recent earnings decline and weak momentum.
Would you like me to extend this into a peer benchmarking overlay (e.g., SBI Life, HDFC Life, ICICI Prudential) so you can evaluate sector rotation opportunities alongside ICICIGI?