ICICIGI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | ICICIGI | Market Cap | 92,511 Cr. | Current Price | 1,855 ₹ | High / Low | 2,075 ₹ |
| Stock P/E | 33.4 | Book Value | 334 ₹ | Dividend Yield | 0.73 % | ROCE | 23.5 % |
| ROE | 17.8 % | Face Value | 10.0 ₹ | DMA 50 | 1,822 ₹ | DMA 200 | 1,868 ₹ |
| Chg in FII Hold | -1.06 % | Chg in DII Hold | 1.16 % | PAT Qtr | 547 Cr. | PAT Prev Qtr | 659 Cr. |
| RSI | 56.1 | MACD | 10.3 | Volume | 2,46,910 | Avg Vol 1Wk | 3,67,723 |
| Low price | 1,630 ₹ | High price | 2,075 ₹ | PEG Ratio | 1.97 | Debt to equity | 0.00 |
| 52w Index | 50.6 % | Qtr Profit Var | 7.25 % | EPS | 55.6 ₹ | Industry PE | 42.7 |
📈 Chart Patterns: ICICIGI is trading near its short-term resistance zone (₹1,855–₹1,868). The broader structure shows recovery from lows (₹1,630), but capped by resistance at ₹2,075, reflecting consolidation.
📊 Moving Averages: Current price (₹1,855) is above DMA 50 (₹1,822) but slightly below DMA 200 (₹1,868), indicating short-term bullishness but medium-term indecision.
📉 RSI: At 56.1, RSI is moderately strong, suggesting momentum but not yet overbought.
📈 MACD: Positive at 10.3, showing bullish crossover and continuation of upward momentum.
📉 Bollinger Bands: Price is near the upper band, reflecting bullish momentum but risk of short-term pullback.
📊 Volume Trends: Current volume (2.47L) is below average weekly volume (3.68L), showing reduced participation and weaker conviction.
⚡ Short-Term Momentum Signals: Bullish bias with moderate strength; breakout possible if price sustains above ₹1,868 with volume support.
🎯 Entry Zone: ₹1,820–₹1,855 (support region).
🎯 Exit Zone: ₹2,050–₹2,075 (resistance zone).
🔀 Trend Status: Consolidating with bullish undertone; reversal possible only if price sustains above ₹1,868 and breaks ₹2,075.
Positive
- Strong ROCE (23.5%) and ROE (17.8%) highlight operational efficiency.
- EPS at ₹55.6 supports earnings visibility.
- Price trading above DMA 50 confirms short-term bullish trend.
- DII holdings increased (+1.16%), showing domestic investor confidence.
Limitation
- Price still below DMA 200 signals medium-term weakness.
- High P/E ratio (33.4) compared to industry PE (42.7) indicates premium valuation.
- Volume participation weaker than average, limiting breakout potential.
- Quarterly PAT declined from ₹659 Cr. to ₹547 Cr., showing earnings pressure.
Company Negative News
- Decline in FII holdings (-1.06%).
- Quarterly PAT contraction highlights short-term profitability concerns.
- Weak trading volumes despite bullish technical setup.
Company Positive News
- DII stake increased, supporting domestic sentiment.
- EPS remains strong at ₹55.6.
- MACD positive, confirming upward momentum.
Industry
- Industry PE at 42.7 vs. ICICIGI PE at 33.4 shows relative undervaluation.
- Insurance sector outlook remains positive with rising demand for general insurance products.
Conclusion
ICICIGI is consolidating with bullish undertones. Short-term traders may consider entry around ₹1,820–₹1,855 with exit near ₹2,050–₹2,075. Long-term investors should monitor earnings trends and institutional sentiment before fresh accumulation.
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