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Technicals for ICICI Lombard General Insurance Company Limited
By MusingTheNews
2025-07-16 20:38
Overall Technical outlook
Price Summary
ICICI Lombard General Insurance Company Limited's stock saw a -2.92% crash, showcasing an mediocre market day. On 2025-07-16, ICICIGI's stock began at 2030.0, peaked at 2052.0, dipped to 1965.3, and closed up -2.92% at 1970.8, with a volume of 2605929 shares. In the last 52 weeks, the stock's top price was 2275.2 and the bottom price was 1639.7. 26 analysts suggest that ICICIGI's future price will lie between 1385.0 and 2300.0, with an average expected price of roughly 2059.8076.
Technicals
Support and Resistance: The price currently sits at 1970.8, finding support at 1922.7 and resistance at 2021.4. These levels define a range for ICICI Lombard General Insurance Company Limited where the price may move, with 1922.7 offering a base and 2021.4 limiting upward momentum. Support/Resistance for ICICIGI
Aroon: Aroon's bearish trend remains strong, with Aroon Down still at the 100 level. This suggests ongoing downward pressure. However, this trend should be further explored using additional indicators to gain a clearer understanding of its long-term significance. Aroon chart for ICICI Lombard General Insurance Company Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Bolinger Bands chart for ICICI Lombard General Insurance Company Limited
Parabolic SAR: The PSAR remains in a bearish mode, setting a resistance level that could impede any upward movement. This resistance indicates that the market may continue to face bearish pressure, with limited potential for breaking higher. Parabolic Stop and Reverse chart for ICICI Lombard General Insurance Company Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for ICICI Lombard General Insurance Company Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that the bearish momentum is starting to weaken for ICICI Lombard General Insurance Company Limited. This could be an early sign of a potential bullish reversal, as the market's downward trend loses strength, possibly leading to a shift towards more positive price action. Tripple SMA chart for ICICI Lombard General Insurance Company Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
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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