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Technicals for ICICI Lombard General Insurance Company Limited
By MusingTheNews
2025-06-13 20:38
Overall Technical outlook
Price Summary
ICICIGI's shares experienced a significant -2.05% tumble, indicating a mediocre market performance. On 2025-06-12, ICICIGI's stock opened at 1941.7, reached a peak of 1949.6, dropped to 1894.5, and ended -2.05% lower at 1901.9, with a volume of 785257 shares. The peak price for the stock in the past 52 weeks is 2275.2, with the lowest price being 1639.7. According to 25 analysts, the price of ICICIGI in the future is projected to be between 1385.0 and 2300.0, with an average expected price of 2035.8.
Technicals
Support and Resistance: The current price of 1901.9 for ICICIGI is supported at 1879.95 and faces resistance at 1963.8. These levels indicate that 1879.95 could act as a floor, while 1963.8 might limit any further price increases. Support/Resistance for ICICIGI
Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Aroon chart for ICICI Lombard General Insurance Company Limited
Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Bolinger Bands chart for ICICI Lombard General Insurance Company Limited
Parabolic SAR: The PSAR remains bullish in its outlook, establishing a key support level that could serve as a foundation for further upward movement. This persistent bullish stance suggests that the market may continue to trend higher, with the established support providing a potential safety net for investors. Parabolic Stop and Reverse chart for ICICI Lombard General Insurance Company Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for ICICI Lombard General Insurance Company Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish pattern, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that the bearish momentum may be weakening. This could be an early sign of a potential bullish reversal for ICICIGI, as the market's downward trajectory begins to lose strength and a possible shift towards more positive price action may occur soon. Tripple SMA chart for ICICI Lombard General Insurance Company Limited
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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