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Technicals for ICICI Prudential Life Insurance Company Limited
By MusingTheNews
2025-05-30 20:39
Overall Technical outlook
Price Summary
ICICI Prudential Life Insurance Company Limited's stock opened at 661.3 on 2025-05-29, surged to 676.65, hit a low of 661.3, and closed up 1.08% at 668.45, with 2000680 shares traded. Over the course of 52 weeks, the stock peaked at 791.05 and hit a low of 536.6. 33 analysts forecast that the price of ICICIPRULI will range from 575.0 to 790.0, with an average expected price near 676.57574.
Technicals
Support and Resistance: At 668.45, the price is supported by 668.1 and resisted by 699.65. This indicates that the price for ICICI Prudential Life Insurance Company Limited might fluctuate between these levels, with 668.1 acting as a support and 699.65 limiting further upward movement. Support/Resistance for ICICIPRULI
Aroon: Aroon's bullish trend persists, with Aroon Up staying at the 100 level. This indicates strong market momentum, but further analysis using additional indicators is necessary to determine the trend's sustainability and future direction. Aroon chart for ICICI Prudential Life Insurance Company Limited
Bol. Bands: In the latest move, the current price has surpassed the upper Bollinger Band, marking a bullish signal for ICICIPRULI. This breakout indicates that buying pressure is strong, pushing prices beyond their typical range. Such a move could suggest that the market is gaining momentum, with the potential for further upward movement. Bolinger Bands chart for ICICI Prudential Life Insurance Company Limited
Parabolic SAR: The PSAR continues to signal a bullish outlook, establishing a key support level that reinforces the market's upward momentum. This support could serve as a base for continued gains, suggesting that the bullish trend is likely to persist. Parabolic Stop and Reverse chart for ICICI Prudential Life Insurance Company Limited
Stochastic: The K-line has dipped below the D-line on the stochastic indicator while staying above 80, indicating that a bearish price move may be imminent. This pattern suggests that the market's upward momentum is faltering for ICICI Prudential Life Insurance Company Limited, which could result in a reversal. Investors should pay attention to this potential change in trend. Stochastic chart for ICICI Prudential Life Insurance Company Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG 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. Tripple SMA chart for ICICI Prudential Life Insurance Company Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
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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