ICICIPRULI - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

📉 ICICIPRULI is consolidating with weak short-term momentum and limited breakout signals, though long-term fundamentals remain stable.

📊 Technical Analysis

• Trend Status: Consolidating — price is hovering near 50-DMA and below 200-DMA, indicating indecision.
• Moving Averages: Price ₹601 is slightly below 50-DMA (₹603) and 200-DMA (₹617), suggesting mild bearish pressure.
• RSI (43.0): Neutral to bearish zone, indicating weak momentum and lack of buying strength.
• MACD (-0.82): Bearish crossover, confirming short-term weakness.
• Bollinger Bands: Price near mid-band, consistent with consolidation and low volatility.
• Volume: Current volume (9.4L) is significantly below weekly average (15.9L), showing reduced participation.

🎯 Entry & Exit Zones

• Support Levels: ₹585, ₹560, ₹517
• Resistance Levels: ₹603 (50-DMA), ₹617 (200-DMA), ₹645
• Optimal Entry: ₹585–₹595 (on pullback near support)
• Exit Target: ₹617–₹645 (resistance zone)

✅ Positive

• Quarterly PAT of ₹299 Cr shows stable earnings.
• PEG ratio of 3.95 suggests moderate valuation relative to growth.
• FII holdings increased by 0.03%, indicating marginal foreign investor confidence.
• Debt-to-equity ratio of 0.20 reflects financial prudence.

⚠️ Limitation

• MACD and RSI show bearish momentum, limiting short-term upside.
• Price trading below key moving averages, signaling technical weakness.
• Dividend yield (0.14%) is minimal for income-focused investors.

📉 Company Negative News

• DII holdings declined by 0.21%, reflecting cautious domestic sentiment.
• Stock is down 19% from its 52-week high of ₹745, indicating underperformance.

📈 Company Positive News

• Quarterly profit variation of 18.9% shows improving earnings trajectory.
• EPS of ₹9.08 and consistent profitability support long-term fundamentals.

🏭 Industry

• Insurance sector remains strong with rising demand for life and health coverage.
• Industry P/E (81.6) is higher than ICICIPRULI’s (66.1), suggesting relative undervaluation.

🧾 Conclusion

• ICICIPRULI is consolidating with weak momentum and limited short-term upside.
• Entry near ₹585–₹595 could offer value with targets around ₹617–₹645.
• Investors should monitor volume and MACD for confirmation of trend reversal.