ICICI 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...
Stock 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...
Buy at cmp
sl close below 1645
easy tg - 1666
tg2 - 1685
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Currently ICICIGI closed at All Time high @ 1726.75 Along with Breakup out trade with Respecting to 20 EMA in uptrend.
Stoploss - 1600.
Target - Close the positions until it breaks previous day low or previous Market Structure.
It is one of the leading and established private sector general insurance companies in India.
Market Cap₹ 84,936 Cr.
ROE 17.6 %
InstHold 40.9%
Growth YOY :-
Sales 13%
PAT 22%
Bluesky Breakout with 4X Relative Volume.
#StocksInFocus
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
The stock is near crucial resistance and breakout is expected within short span . the stock is making a beautiful rounding bottom pattern and upon breakout the stock can be seen trading around 2100 levels
NSE:ICICIGI - I've entered with half quantity (SL defined already) - will add the remaining half, when resistance zone (highlighted with yellow parallel bars) breaks 🚀
P.S. Profit booking as per capacity 😅
All details marked on the chart.
Trade with a Stop Loss. Trade well.
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When we lose money, it is human nature to want to make it all back twice as quickly.
Slow down, keep focused, and stick to your strategy.
ICICIGI is a strong contender.
after making Higher high, Stock is consolidating. supported by Divergence at this levels shows Signs of Trend Continuation.
Kindly maintain Stoploss and Execute your Trades.
Sector: Multiline Insurance & Brokers
HTF structure shows strong uptrend
on weekly chart it is in demand zone with RSI divergence which shows accumulation in demand....
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
NSE: 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...
📊 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 : ...
ICICI Lombard General Insurance
2nd largest player in the general insurance sector.
V40 Stock
CMP: 1415
ATH : 1629
DII & FII has increased their percentage in this stock
YOY Growth in sales / Net profit and Operating Profit
Heavy Reserves & Almost Zero Borrowings
ICICI lombard gen Trying to retest 1430 level. If price come here with ample volume then the stock give up side move. until reach 1570. 1400 is Strong support.
ICICIGI BO from a large weekly base, volumes are there, this BO is happening post a gap up which happened a few weeks back. Good candidate to move ahead and follow from here.
![ICICIGI: ICICIGI BO [Weekly]](https://s3.tradingview.com/g/gZKaihF0_mid.png "ICICIGI BO [Weekly]")
