ICICIGITechnical Analysis Breakdown:
1. Rounded Bottom + Multi-stage Base Formation
The stock has carved out a long rounded bottom, forming three notable cup-like bases over the past year.
Each time the price pulled back, it found support near key demand zones (highlighted in blue), forming higher lows — a sign of accumulation.
The current price action shows a smooth rounding structure that suggests growing buyer interest and waning seller pressure.
2. Supply Zone Test in Progress
Price is now approaching a strong supply zone (~₹2,030–2,050), where it has previously faced rejection multiple times.
The presence of long wicks in this zone in the past signals institutional selling pressure.
Watch for a decisive breakout with strong volume to confirm that supply has been absorbed.
3. Relative Strength Turning Up
The RS line vs Nifty has moved into positive territory after several months of underperformance.
This shift is crucial — especially if confirmed on the weekly chart — it implies sector rotation or renewed leadership from ICICIGI.
4. Moving Averages in Bullish Alignment
The stock is now trading above all key moving averages (20, 50, 100, 200 EMA), all of which are curling upwards.
This signals a strong trend resumption, especially as the 200 EMA acts as long-term support.
The breakout above the 200 EMA (around ₹1,940) was a major structural shift.
5. Volume and VCP Context
Recent price action shows tighter price ranges with reduced volatility near resistance, a characteristic of Volatility Contraction Pattern (VCP).
Volume has remained subdued but consistently stable, which is constructive as long as it expands on breakout attempts.
Interpretation & Trade Strategy
✅ Bullish Scenario:
A strong breakout above ₹2,050 with above-average volume can lead to a fresh rally, possibly retesting the previous all-time high zone (₹2,250+).
Follow-up candle should ideally close strong with range expansion.
⚠️ Risk Management:
Any rejection around ₹2,030–2,050 accompanied by high volume selling could lead to another correction within the base.
Traders should be cautious of false breakouts and manage entries based on volume confirmation or wait for a pullback entry near ₹1,970–1,990 if risk/reward improves.
📝 Conclusion
ICICIGI is showing classic signs of long-term accumulation, emerging strength, and trend reversal.
With the supply zone being tested now, the stock is at a critical inflection point. If buyers can overcome this hurdle with conviction, ICICIGI may rejoin the list of strong performers in the insurance space.
📌 Watch for:
Volume confirmation on breakout
Retest and hold of the ₹2,000–2,020 zone
RS staying above zero
ICICIGI
ICICIGIICICIGI has given triangle breakout with very decent volume. In recent time traction in insurance sector has been observed. At current level 2000-10 there is resistance. But if it crosses and closes above this resistance level then it may do wonder! On lower side 1860 is very strong support. And upper end momentum can be played up to 2210 level. But strong upside play is possible only above 2010 closing
ICICIGI - Ichimoku Breakout📈 Stock Name - ICICI Lombard General Insurance Company Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2186.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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ICICIGI: Potential Bullish Momentum Building Up-Channel BreakoutICICI General Insurance (ICICIGI) has been on a notable rally since its surge from 1100 levels. The stock has displayed impressive resilience, continuing its upward trajectory amidst market fluctuations. Over the past few weeks, ICICIGI has been consolidating, forming a potential launching pad for its next leg up.
Technical Analysis:
The current consolidation phase, which initiated in March, has created a notable channel formation. With the stock hovering around the 1750 mark, it stands at a critical juncture. A breakout above this level could signify a resumption of the bullish trend, potentially sparking renewed buying interest.
Key Levels to Watch:
Resistance: The immediate resistance lies around the 1750 level. A decisive move above this barrier could open the doors for further upside.
Support: On the downside, the support zone near 1600-1650 acts as a crucial buffer. Sustained trading above this zone reinforces the bullish bias.
Indicators:
Moving Averages: The 50-day and 200-day moving averages are trending upwards, indicating the presence of bullish momentum.
RSI (Relative Strength Index): Currently hovering in the neutral zone, the RSI has room for upside, suggesting potential buying pressure.
Trade Idea:
Entry: Consider entering long positions on a confirmed breakout above 1750, preferably with strong volume confirmation.
Stop-loss: Place a stop-loss below the support zone near 1600-1650 to mitigate downside risks.
Target: The initial target could be set at previous highs, with the potential for further gains if momentum persists.
Risk Factors to Consider:
Market Volatility: Keep an eye on overall market conditions, as heightened volatility could impact stock movements.
Economic Indicators: Monitor macroeconomic factors and industry-specific news for potential impact on ICICIGI's performance.
Conclusion:
With ICICIGI exhibiting signs of accumulation and poised for a potential breakout, traders may find an opportunity to capitalize on the anticipated bullish momentum. However, exercise caution, adhere to risk management principles, and stay vigilant for any developments that could alter the outlook. Happy trading!
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Trading in stocks involves risks; hence, conduct thorough research and consult with a financial advisor before making any investment decisions.
ICICIGI - Weekly Chart Analysis, CMP-1684Stock is sustaining above the resistance zone(1567-1626) for 7 weeks now in 8% range. It has also closed first time above 1675 on weekly basis which it had tried to test twice, few weeks ago but failed. So this is a good sign showing strength. Volumes are decent for the past few weeks. Currently its making inside bars between a range (1611-1699) So we need a confirmation from it with a weekly close above these level with decent volumes.
Previous resistance (1567-1626)shall now act as a support. Ideally 1520 is the key level below which it will be weak. so a weekly close along with a follow through below this level would negate our study.
On the upper side first level that can be tested after closing and sustaining above 1699 would be 2085. This shall be get tested over the long term. Still an RR of more than 1:2.
It is well trading above all its key moving averages.
Once it test these levels we can study the price action further and further analyse our study thereafter. Until then let it test the 2085 levels.
Disclaimer: This is just a study and shared for learning purpose. I am not a SEBI registered analyst so before trading or investing in this counter based on the shared study please take the advice from a SEBI registered advisor. I am not responsible for any loss incurred to you if you intend to trade or invest in this stock.
ICICIGI - Bullish Swing Reversal with VolumesNSE: ICICIGI is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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ICICIGI | Investment Pick📊 DETAILS
Sector: Multiline Insurance & Brokers
Mkt Cap: 67,404 cr
ICICI Lombard General Insurance Co. Ltd is one of the leading and established private sector general insurance companies in India. It offers a well-diversified range of products and risk management solutions through multiple distribution channels.
TTM PE : 38.07 (Low PE)
Sector PE : 36.69
Beta : 0.71
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
3.63% away from 52 week high
Outperformer - ICICI Lombard General Insurance Company down by -0.47% v/s NIFTY 50 down by -2.53% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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ICICIGINote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
ICICIGIThe company has been investing in the retail health business by hiring 1K agency managers. This should translate into stronger premium growth over the medium term, said the brokerage. Motilal Oswal remains constructive on the general insurer with a Buy rating and a one-year price target of Rs 1,450 (Fibonacci 61.8%)
ICICIGI - PERFECT SYMMETRICAL TRIANGLE BREAKOUT📊 Script: ICICIGI (ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: Insurance
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 Symmetrical Triangle Breakout.
📈 Right now RSI is around 75.
⏱️ C.M.P 📑💰- 1296
🟢 Target 🎯🏆 - 1412
⚠️ Stoploss ☠️🚫 - 1245
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!🥂