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Technicals for ICICI Lombard General Insurance Company Limited
By MusingTheNews
2025-05-30 20:39
Overall Technical outlook
Price Summary
On 2025-05-29, ICICI Lombard General Insurance Company Limited's stock opened at 1856.7, reached 1863.4, hit a low of 1839.1, and rose -0.08% to close at 1855.2, with 553166 shares traded. During the 52-week span, the stock hit a high of 2275.2 and a low of 1536.25. Analysts predict that the future price will fluctuate between 1385.0 and 2300.0, with the mean expected price being approximately 2035.8.
Technicals
Support and Resistance: At 1855.2, the price is supported at 1834.1 and faces resistance at 1962.2. This range suggests that the price for ICICIGI might stay between these levels, with 1834.1 acting as a floor and 1962.2 as a ceiling. Support/Resistance for ICICIGI
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for ICICI Lombard General Insurance Company Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for ICICI Lombard General Insurance Company Limited
Parabolic SAR: The PSAR remains bearish for ICICI Lombard General Insurance Company Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise. Parabolic Stop and Reverse chart for ICICI Lombard General Insurance Company Limited
Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Stochastic chart for ICICI Lombard General Insurance Company Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Tripple SMA chart for ICICI Lombard General Insurance Company Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
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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