ICICI PRUICICI pru showing inv. head and shoulder pattern
bullish on daily weekly and monthly chart
target 720
ICICIPRULI trade ideas
Amazing breakout on Weekly / Daily Timeframe - ICICIPRULICheckout 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 RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
ICICI PRU GOOD SHORT TERM BUYING BETBuy ICICIPRU 612-620 for 650/720 as short to medium term trade. Keep stop below 597 on closing basis. Short term breakout above 610-615 levels happened and sustaining
Double Top alertA rejection of 615 and a close below 600 attracts a bearish entry in ICICIPRULI
Selling below 600
SL 618
Targets 583, 578, 567
It will be valid only on the test and rejection of 615 as resistance. Bearish invalidation above 615.
ICICI Pridential Inv H&S patternICICI Prudential Life weekly inverse head and shoulder BO.
Target 835.
ICICIPRULI - Weekly AnalysisIn the Weekly Chart of ICICIPRULI ,
we can see that, it is about to give Inverted Head & Shoulder breakout.
Also, it is looking very strong and bullish.
Let it respect the Trendline and create a Halt Candle so that we can have an entry with SL
Expected momentums is shown in chart.
ICICIPRULI-long for 15 % move price forming inverted H & S
On weekly charts , 3-6 MACD above zero and 12-26 MACD positive crossover
stock is overvalued but technicals look very bullsih
target and SL marked
ICICI Pruli:Multiple bullish patterns showing potential growth Stock has made inverted Head and Shoulder pattern on a broader time range and a pole and flag pattern on smaller range after a recent run in Nifty 50.
Stock can move towards its ATH in near time range and can further move to higher levels.
Fundamental remains stronger compared to other stocks in the sector.
View remains bullish for upcoming months.
DISC: For educational purposes only.
Inverted Head and Shoulders Pattern FormationThe stock has developed an inverted head and shoulders pattern on weekly time frame.
A strong close above the neckline (616) level can bring more bullish momentum in the stock.
This idea is for Educational purpose only.
This is not a BUY/SELL recommendation.
Learn & Earn,
Dr. Tanya Kumar
Breakout soon in ICICI Prudential Inverted H&S pattern
RSI near 65 and rising
Trading above EMA50
Volume increasing
Enter after breakout confirmation
Disc: for study, not a recommendation
INV head & shoulder stock has form inv head and shoulder pattern , it will intresting to see the breakout or reversal
only for learning purpose not for sugeestion
Icici Pru Big breakoutStock is getting ready for big push
Once cross 615
650+
invest
Long
Massive surges
650 CE April series
ICICIPRULI | Swing Trade📊 DETAILS
Sector: Life & Health Insurance
Mkt Cap: 83,579 cr
ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's website.
TTM PE : 91.67 (Average PE)
Sector PE : 23.38
Beta : 0.83
📚 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.
7.77% away from 52 week high
Outperformer - ICICI Prudential Life Insurance Company up by 11.57% v/s NIFTY 50 down by -0.2% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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Icici prudential sorting opportunity technical analysis.1. Reversing from inverted h&s neckline.
2. Can be sold on cmp or on rise.
3. SL & Targets are marked by position tool.
4. Orange trendline poked and reversed.
Trade/Investment Idea In ICICIPRULIFE (on Weekly Chart)STRENGTHS:
Strong Momentum: Price above short, medium and long term moving averages
Company with Low Debt
Company with Zero Promoter Pledge
Near 52 Week High
WEAKNESS:
Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
Declining Net Cash Flow : Companies not able to generate net cash.
OPPORTUNITY:
Decrease in Provision in recent results
THREATS:
Companies with growing costs YoY for long term projects
High PE (PE > 40)
Promoter decreasing their shareholding
Quick Results Snapshot:
H1FY24 Bi-Annual Result Announced for ICICI Prudential Life Insurance Company Ltd.
ICICI Prudential Life Insurance Company announced H1FY24 results:
ICICI Prudential Life Insurance has registered a 27% growth in its Profit after Tax (PAT) to Rs 4.51 billion for H1FY24
The Value of New Business (VNB) stood at Rs 10.15 billion with a VNB margin of 28.8% for H1FY24
The total Annualised Premium Equivalent (APE) for the Company stood at Rs 35.23 billion, with minimal concentration risk from any single distribution channel.
In H1FY24, the retail protection business segment APE grew by 73.7% YoY, resulting in a protection mix of 20.8% of overall APE.
The Company’s retail New Business Sum Assured (NBSA) grew by 52% YoY to Rs 1.1 trillion in H1FY24. The total NBSA stood at Rs 4.9 trillion in H1FY24.
The 13th-month persistency ratio improved by 100 bps to 86.9% for H1FY24. The 49th month persistency ratio, improved by 220 bps to 65.8% for H1FY24.
The Assets Under Management (AUM) grew by 11.3% YoY to Rs 2.7 trillion on September 30, 2023.
Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance said, “We serve a crucial societal need of providing financial security to millions of families by helping them achieve their protection, retirement, health, and long-term savings goals. In H1FY24, our VNB stood at Rs 10.15 billion, with a margin of 28.8%, while PAT grew 27% year-on-year to Rs 4.51 billion. We are focused on growing the absolute VNB with the help of our 4D framework comprising Data analytics, Diversified propositions, Digitalisation, and Depth in Partnerships, to develop quality business in a risk-calibrated manner.
The retail protection business, which faced supply-side challenges in the past has come back on track. The retail protection APE registered a strong YoY growth of 73.7%, resulting in a total protection APE of Rs 7.34 billion in H1FY24. We believe protection, given the under-penetration in the country, presents a significant growth opportunity for us.
Persistency is the most effective indicator of the quality of sales and customer experience. Our 13th and 49th-month persistency ratios in September improved by 100 bps to 86.9% and 220 bps to 65.8% respectively. The customer’s continued trust in us is reflected in the improvement in persistency ratios across all cohorts.
We recently launched the first-of-its-kind ‘ICICI Pru Stack’, a set of platform capabilities encompassing digital tools and analytical abilities. We believe the key to market expansion is in getting the customer-product-channel equation correct – the right product to the right customer at the right price through the right channel. The ICICI Pru Stack has facilitated customer segmentation, enabling us to extend ‘Term By Invite’ and ‘Insurance By Invite’ offers to customers, besides providing them with an end-to-end digital fulfillment journey from buying to claim settlement. The Stack has enabled the Company to issue ~20% of the policies on the same day for the savings line of business.”
SHAREHOLDINGS:
Icici Bank Limited PROMOTER 51.2 %
Prudential Corporation Holdings Limited PROMOTER 22.1 %
Camas Investments Pte. Ltd. FII 1.8 %
Government Of Singapore FII 1.6 %
Compassvale Investments Pte. Ltd. PUBLIC 2.0 %
Sbi Arbitrage Opportunities Fund DI 2.0 %
Icici Prudential S&P Bse 500 Etf DII 1.0%
Thats all for now.
N.B : I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
ICICI Prudential Insurance Weekly Analysis Preparing InvertedICICI Prudential Insurance Weekly Analysis
Preparing Inverted head and Shoulder Pattern ( on verge of Breakout)
Buy above closing 600 above only
Target 750- 900-1000-1200-1500+
SL 450 ( Candle closing basis)
holding period 2-3 years
ICICI prudential... all ready to rockhave been keeping eyes on ICICI prudential from very long... now seems like its gonna shoot sky rocket.
ADD FRESH POSITIONS TODAY
ICICIPRULI - Weekly AnalysisIn the Weekly Chart of ICICIPRULI ,
we can see that, it is about to give Inverted Head & Shoulder breakout.
Also, it is looking very strong and bullish.
Let it retest the trendline.
Expected momentum is shown in chart.
Momentum Swing Idea| ICICI Prudential Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd
ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups.
Market Cap ₹ 83,099 Cr. Current Price ₹ 577
Stock P/E 91.1 ROCE 10.0 % ROE 8.45 %
Debt to equity 0.11 Promoter holding 73.3 %
Quick ratio 1.10 Current ratio 1.10 Piotroski score 5.00
Profit Var 3Yrs -8.65 % Sales growth 3Years 33.0 %
Return on assets 0.33 %
This in in momentum stock with brand recognition. This purely chart pattern analysis.
Rsi above 55. keep in radar.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Swing Trading Idea in ICICI PRU LIFESYMBOL - ICICIPRULI
There is a flag & pole pattern on daily time frame in ICICI PRU LIFE.
CMP is 520
I am taking long position in march futures here at CMP for 560-590 target.
Stoploss would be 498.
It is in good support zone & consolidated here. I think it is ready to blast. After breaking out above 530, It will move towards 560 & 590 very fast.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
ICICIPRULIThe following observed in the stock:-
1. Bulish Flag Pattern.
2. Breakout from the downtrend.
3. MACD is positive on weekly and daily time frame and crossed centre line.
4. RSI is supper bullish on weekly and daily time frame.
So, 615 and 650 levels can be expected in the Mar series, 560 CE with 540 PE is good to hold for Mar series.
5.
ICICI PRUDENTIAL FORMING COMPLEX CUP AND HANDLE PATTERNThe stock has been forming a beuatiful complex cup and handle pattern which exhibits mulitple handles or cups moreover it has been quite long consolidation phase for the stock . It has touched the crucial resistance level of 606 5 times and is expected to do so again in couple of weeks , upon reaching that it can give colossal breakout as the resistance level has been tested for multiple time making it susceptible to breakout . the target for the same is 607 and 822 levels
