ICICIGI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.2

📈 ICICIGI is trending upward with strong momentum indicators and solid support from moving averages.

📊 Technical Analysis

• Trend Status: Trending — price is above both 50-DMA and 200-DMA, confirming bullish momentum.
• Moving Averages: Price ₹2,008 is above 50-DMA (₹1,934) and 200-DMA (₹1,894), indicating sustained uptrend.
• RSI (57.1): Bullish zone, suggesting continued upward momentum with room to rise.
• MACD (31.6): Positive crossover, reinforcing bullish sentiment.
• Bollinger Bands: Price near upper band, indicating strength but potential short-term resistance.
• Volume: Current volume (4.62L) slightly below weekly average (4.83L), showing steady interest.

🎯 Entry & Exit Zones

• Support Levels: ₹1,934 (50-DMA), ₹1,894 (200-DMA)
• Resistance Levels: ₹2,050, ₹2,075 (52-week high)
• Optimal Entry: ₹1,940–₹1,960 (on pullback)
• Exit Target: ₹2,050–₹2,075 (resistance zone)

✅ Positive

• Strong ROCE (24.9%) and ROE (18.8%) reflect efficient capital deployment.
• Zero debt-to-equity ratio indicates robust financial health.
• Quarterly PAT increased to ₹820 Cr from ₹747 Cr, showing earnings growth.
• EPS of ₹56.4 and PEG ratio of 1.41 suggest fair valuation relative to growth.

⚠️ Limitation

• Volume slightly below average, indicating cautious participation.
• Dividend yield (0.63%) is modest for income-focused investors.
• Stock P/E (35.7) is below industry average (45.0), but still relatively high.

📉 Company Negative News

• DII holdings declined by 0.11%, reflecting minor domestic caution.

📈 Company Positive News

• FII holdings increased by 0.10%, showing foreign investor confidence.
• Stock has gained 85.4% from its 52-week low, indicating strong recovery.

🏭 Industry

• Insurance sector remains strong with rising demand for health and general coverage.
• Industry P/E (45.0) is higher than ICICIGI’s, suggesting relative undervaluation.

🧾 Conclusion

• ICICIGI is trending upward with bullish technical indicators and solid fundamentals.
• Entry near ₹1,940–₹1,960 could offer a good setup with targets around ₹2,050–₹2,075.
• Investors should monitor volume trends and resistance levels for sustained upside.