ICICIGI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | ICICIGI | Market Cap | 87,917 Cr. | Current Price | 1,763 ₹ | High / Low | 2,075 ₹ |
| Stock P/E | 31.7 | Book Value | 334 ₹ | Dividend Yield | 0.71 % | ROCE | 23.5 % |
| ROE | 17.8 % | Face Value | 10.0 ₹ | DMA 50 | 1,821 ₹ | DMA 200 | 1,878 ₹ |
| Chg in FII Hold | -1.06 % | Chg in DII Hold | 1.16 % | PAT Qtr | 547 Cr. | PAT Prev Qtr | 659 Cr. |
| RSI | 41.8 | MACD | -8.90 | Volume | 7,83,185 | Avg Vol 1Wk | 4,73,114 |
| Low price | 1,630 ₹ | High price | 2,075 ₹ | PEG Ratio | 1.87 | Debt to equity | 0.00 |
| 52w Index | 30.0 % | Qtr Profit Var | 7.25 % | EPS | 55.6 ₹ | Industry PE | 31.7 |
📉 Chart Patterns & Trend: ICICIGI is trading below both its 50 DMA (₹1,821) and 200 DMA (₹1,878), confirming short-term and medium-term weakness. Current price (₹1,763) is near support at ₹1,740–₹1,750, suggesting consolidation with limited upside unless a rebound occurs.
📊 Momentum Indicators: RSI at 41.8 indicates weak momentum, close to oversold territory. MACD at -8.90 confirms bearish crossover. Bollinger Bands show price drifting near the lower band, signaling continued pressure.
📈 Volume Trends: Current volume (7.83 lakh) is higher than average weekly volume (4.73 lakh), reflecting increased participation, likely driven by selling pressure.
🎯 Entry Zone: ₹1,740 – ₹1,760 (near support, favorable risk-reward).
🚪 Exit Zone: ₹1,820 – ₹1,850 (near 50 DMA resistance; profit-taking zone if rebound occurs).
🔎 Status: The stock is consolidating near support but remains in a mild downtrend. Sustained recovery requires price action above ₹1,878 (200 DMA).
Positive
- Strong ROE (17.8%) and ROCE (23.5%) highlight operational efficiency.
- EPS of ₹55.6 supports valuation strength.
- DII holdings increased (+1.16%), showing domestic investor confidence.
- Debt-free balance sheet ensures financial stability.
Limitation
- Stock trading below both 50 & 200 DMA indicates technical weakness.
- RSI below 50 and negative MACD confirm bearish momentum.
- Quarterly PAT declined (₹547 Cr vs ₹659 Cr).
- High PEG ratio (1.87) signals stretched valuation relative to growth.
Company Negative News
- FII holdings decreased (-1.06%), showing reduced foreign investor confidence.
- Sequential decline in quarterly profits.
Company Positive News
- DII inflows reflect domestic institutional support.
- EPS remains strong despite profit decline.
Industry
- Insurance sector trading at industry PE of 31.7, equal to ICICIGI’s P/E, suggesting fair valuation.
- Sector outlook remains steady with rising demand for general insurance products.
Conclusion
⚠️ ICICIGI is technically weak, consolidating near support with bearish signals. Fundamentals remain decent, but profit decline and institutional outflows weigh on sentiment. Short-term traders may consider entry near ₹1,740–₹1,760 with exits around ₹1,820–₹1,850. Long-term investors should wait for confirmation above ₹1,878 before fresh accumulation.
Would you like me to extend this into a peer benchmarking overlay with SBI Life, HDFC Life, and New India Assurance to highlight ICICIGI’s relative strength in the insurance sector?