ICICIGI - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.3

Here’s a detailed technical breakdown of ICICI Lombard General Insurance Ltd (ICICIGI)

📉 Trend Overview

Current Price: ₹1,867 is below the 50 DMA (₹1,938) and slightly below the 200 DMA (₹1,876), indicating a short-term downtrend.

Trend Status: The stock is reversing from its highs and currently in a weak consolidation phase.

📊 Momentum Indicators

RSI (35.5): Near oversold territory, suggesting potential for a technical bounce.

MACD (-20.0): Negative, confirming bearish momentum and lack of buying strength.

Volume: Current volume (5.2L) is above the 1-week average (3.7L), indicating increased activity, possibly due to selling pressure.

📈 Moving Averages

Indicator Value Signal

50 DMA ₹1,938 Price below – Bearish

200 DMA ₹1,876 Price slightly below – Bearish

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 ₹1,850 Minor support from recent lows

Support 2 ₹1,800 Historical support zone

Resistance 1 ₹1,938 50 DMA – key resistance

Resistance 2 ₹2,000–₹2,100 Prior breakdown zone and psychological barrier

📍 Entry & Exit Zones

Optimal Entry: ₹1,850–₹1,870 (if RSI dips below 35 and MACD flattens)

Exit Target: ₹1,938–₹2,050 (if reversal confirms with RSI > 45 and MACD crossover)

📊 Bollinger Bands Insight

Price is likely near the lower band, suggesting oversold conditions and potential for a technical rebound.

Bands are moderately wide, indicating volatility.

🔍 Chart Pattern Insight

No clear bullish reversal pattern yet.

Price action suggests a retracement from the 52-week high of ₹2,302.

Watch for trendline resistance near ₹1,938.

🧭 Summary

Technical Bias: Bearish to Neutral

Momentum: Weak, nearing oversold

Trend: Reversing from highs

Suggested Strategy: Wait for confirmation of reversal before entering. Ideal for short-term swing if support holds and indicators improve.

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