ICICIGI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

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

📊 Trend Overview

Current Phase: Consolidating with weak momentum

Price Action: Trading slightly below the 50-DMA (₹1,897) and just above the 200-DMA (₹1,879), indicating indecision and lack of directional strength.

Volume: Below average (2.93L vs 5.15L), suggesting reduced participation and waning momentum.

📈 Momentum Indicators

RSI (50.2): Neutral zone — no clear momentum, indicating sideways movement.

MACD (-6.73): Negative and diverging — signals bearish undertone, though flattening could hint at stabilization.

Bollinger Bands: Price likely near the middle band, consistent with consolidation and low volatility.

🧭 Chart Patterns

Descending Channel: Price has been declining from ₹2,302 highs, forming lower highs and lower lows.

Base Formation Attempt: Stabilization near ₹1,850–₹1,880 zone suggests potential bottoming.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,850 Recent base zone

Support 2 1,800 Previous swing low

Support 3 1,613 52-week low

Resistance 1 1,897 50-DMA, immediate ceiling

Resistance 2 1,950 Minor resistance zone

Major Resistance 2,100 Trend reversal confirmation

🎯 Entry & Exit Zones

Optimal Entry: ₹1,850–₹1,880 (on dips with reversal confirmation)

Short-Term Target: ₹1,950–₹2,100

Exit Zone / Stop-Loss: ₹1,800 (below swing support)

🔄 Short-Term Outlook

Momentum: Weak and stabilizing

Bias: Neutral-to-bearish below ₹1,897; bullish only above ₹1,950

Phase: Consolidating — awaiting breakout or breakdown

🧠 Key Takeaways

ICICIGI is in a technical pause, hovering near key moving averages with weak momentum indicators.

RSI and MACD suggest indecision, while price action near support zones hints at potential base-building.

A breakout above ₹1,950 with volume could confirm trend reversal and open upside toward ₹2,100.

Sources: TradingView

1

, TipRanks Technicals

2

.

Let me know if you’d like a chart visualization or screener of similar insurance sector setups.

1

www.tradingview.com

2

www.tipranks.com

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