ICICIPRULI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | ICICIPRULI | Market Cap | 85,139 Cr. | Current Price | 588 ₹ | High / Low | 707 ₹ |
| Stock P/E | 61.8 | Book Value | 93.0 ₹ | Dividend Yield | 0.14 % | ROCE | 8.86 % |
| ROE | 7.42 % | Face Value | 10.0 ₹ | DMA 50 | 632 ₹ | DMA 200 | 630 ₹ |
| Chg in FII Hold | -1.67 % | Chg in DII Hold | 1.76 % | PAT Qtr | 390 Cr. | PAT Prev Qtr | 299 Cr. |
| RSI | 30.6 | MACD | -17.0 | Volume | 8,90,308 | Avg Vol 1Wk | 10,80,917 |
| Low price | 517 ₹ | High price | 707 ₹ | PEG Ratio | 3.69 | Debt to equity | 0.19 |
| 52w Index | 37.1 % | Qtr Profit Var | 19.8 % | EPS | 9.53 ₹ | Industry PE | 76.2 |
📊 Chart & Trend Analysis: ICICIPRULI is trading at ₹588, below both its 50 DMA (₹632) and 200 DMA (₹630), reflecting short-term weakness. RSI at 30.6 indicates oversold conditions, while MACD at -17.0 confirms bearish momentum. Bollinger Bands show price near the lower band, suggesting selling pressure. Volume is below average, showing reduced participation in the downtrend.
📈 Momentum Signals: Short-term momentum is weak, with RSI oversold and MACD negative. A rebound may occur if support holds, but trend remains bearish. Consolidation is possible before reversal attempts.
💹 Entry & Exit Zones:
- Optimal Entry: ₹580–₹590 (near support, oversold RSI)
- Stop-Loss: ₹560 (below strong support)
- Exit Zone: ₹625–₹635 (near 50 & 200 DMA resistance)
- Major Resistance: ₹707 (recent high)
📉 Trend Status: The stock is consolidating with bearish bias, supported by oversold RSI but capped by strong moving average resistances.
Positive
- EPS of ₹9.53 reflects consistent profitability.
- PEG ratio of 3.69 indicates moderate valuation relative to growth.
- Quarterly PAT improved to ₹390 Cr. from ₹299 Cr., showing earnings growth.
- DII holdings increased (+1.76%), showing strong domestic institutional support.
Limitation
- High P/E of 61.8 compared to industry average (76.2), still reflecting expensive valuation.
- ROCE (8.86%) and ROE (7.42%) are modest compared to peers.
- Dividend yield of 0.14% is negligible.
- Price trading below both 50 DMA and 200 DMA shows weak technical strength.
Company Negative News
- FII holdings decreased (-1.67%), showing reduced foreign investor confidence.
- Quarterly profit variation of -19.8% highlights operational weakness despite PAT growth.
- Stock corrected from its 52-week high of ₹707, reflecting selling pressure.
Company Positive News
- DII holdings increased (+1.76%), showing strong domestic institutional support.
- Quarterly PAT improved to ₹390 Cr. from ₹299 Cr., highlighting earnings recovery.
Industry
- Insurance industry benefits from rising demand for life and health coverage, supported by digital adoption.
- Industry PE at 76.2 highlights relatively expensive peers compared to ICICIPRULI’s P/E of 61.8.
Conclusion
⚖️ ICICIPRULI is technically consolidating with bearish bias, trading below key moving averages. Traders may consider entry near ₹580–₹590 with strict stop-loss at ₹560, targeting ₹625–₹635 in the short term. Long-term investors may find value given strong fundamentals and improving PAT, but should be cautious of high valuations, modest efficiency metrics, and weak momentum.
Would you like me to extend this into a peer benchmarking overlay (e.g., SBI Life, HDFC Life, ICICI Lombard) so you can evaluate sector rotation opportunities alongside ICICIPRULI?