ICICIPRULI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | ICICIPRULI | Market Cap | 74,512 Cr. | Current Price | 514 ₹ | High / Low | 707 ₹ |
| Stock P/E | 46.6 | Book Value | 94.0 ₹ | Dividend Yield | 0.17 % | ROCE | 8.84 % |
| ROE | 10.7 % | Face Value | 10.0 ₹ | DMA 50 | 567 ₹ | DMA 200 | 608 ₹ |
| Chg in FII Hold | -0.59 % | Chg in DII Hold | 0.64 % | PAT Qtr | 609 Cr. | PAT Prev Qtr | 390 Cr. |
| RSI | 34.5 | MACD | -13.8 | Volume | 11,55,239 | Avg Vol 1Wk | 10,68,349 |
| Low price | 491 ₹ | High price | 707 ₹ | PEG Ratio | 1.83 | Debt to equity | 0.19 |
| 52w Index | 10.5 % | Qtr Profit Var | 57.6 % | EPS | 11.0 ₹ | Industry PE | 70.0 |
📉 Chart Patterns & Trend: ICICIPRULI is trading below both its 50 DMA (₹567) and 200 DMA (₹608), confirming short-term and medium-term weakness. Current price (₹514) is near support at ₹500–₹510, suggesting consolidation with limited upside unless a rebound occurs.
📊 Momentum Indicators: RSI at 34.5 indicates weak momentum, close to oversold territory. MACD at -13.8 confirms bearish crossover. Bollinger Bands show price drifting near the lower band, signaling continued pressure but possible mean reversion.
📈 Volume Trends: Current volume (11.55 lakh) is slightly above average weekly volume (10.68 lakh), reflecting increased participation, likely driven by selling pressure.
🎯 Entry Zone: ₹500 – ₹515 (near support, favorable risk-reward).
🚪 Exit Zone: ₹560 – ₹580 (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 ₹608 (200 DMA).
Positive
- Quarterly PAT growth (+57.6%) supports earnings momentum.
- EPS of ₹11.0 provides valuation stability.
- DII holdings increased (+0.64%), showing domestic investor confidence.
- PEG ratio of 1.83 suggests moderate valuation relative to growth.
Limitation
- Stock trading below both 50 & 200 DMA indicates technical weakness.
- RSI below 40 and negative MACD confirm bearish momentum.
- Dividend yield of 0.17% is negligible.
- ROCE (8.84%) and ROE (10.7%) are modest compared to peers.
Company Negative News
- FII holdings decreased (-0.59%), showing reduced foreign investor confidence.
- Technical weakness with price below key moving averages.
Company Positive News
- Quarterly PAT improved from ₹390 Cr to ₹609 Cr.
- DII inflows reflect domestic institutional support.
Industry
- Insurance sector trading at industry PE of 70.0, higher than ICICIPRULI’s P/E (46.6), suggesting relative undervaluation.
- Sector outlook remains steady with rising demand for life insurance products.
Conclusion
⚠️ ICICIPRULI is technically weak, consolidating near support with bearish signals. Fundamentals show earnings growth, but modest ROE/ROCE and institutional outflows weigh on sentiment. Short-term traders may consider entry near ₹500–₹515 with exits around ₹560–₹580. Long-term investors should wait for confirmation above ₹608 before fresh accumulation.
Would you like me to extend this into a sector overlay comparison with SBI Life, HDFC Life, and LIC to benchmark ICICIPRULI’s relative strength in the life insurance space?