ICICIGI trade ideas
#ICICIGI - Ready for the fresh Stage 2 moveIf you were to believe that stock could double after they breakout their all time high levels, this is probably a gem for you.
1. Great Fundamentals with good market share in business
2. Breakout of All time high and retest. As it has clearly survived the volatility of 4th June, this can show some more strength in the coming months.
3. Fresh stage 2: It has taken its time and compensated the fair share of supply for more than 3 years. This is another positive.
4. Volumes: You couldn't ask for more. Volumes are clearly there on the green days and size of the green candle and volume candles are complementing each other.
ICICI BOTo provide a comprehensive CANSLIM analysis for ICICI Lombard General Insurance Company (ICICIGI), I will need to evaluate the company against each of the CANSLIM criteria. Given that I don't have real-time data access, I'll illustrate the process using hypothetical data. You can replace the placeholders with actual figures from recent financial reports and market analysis.
### 1. Current Earnings (C)
**Criteria:** Quarterly earnings per share (EPS) should show at least a 25% increase.
**Analysis:**
- Suppose ICICIGI’s latest quarterly EPS is ₹10 compared to ₹8 in the same quarter last year.
- EPS growth = ((10 - 8) / 8) * 100 = 25%
- **Conclusion:** Meets the criterion with a 25% increase in quarterly EPS.
### 2. Annual Earnings (A)
**Criteria:** Significant annual earnings increases over the past five years.
**Analysis:**
- Suppose ICICIGI’s EPS for the last five years were ₹5, ₹6, ₹7, ₹8, and ₹10.
- Annual growth rates: 20%, 16.7%, 14.3%, 25%.
- **Conclusion:** Demonstrates consistent annual earnings growth, meeting the criterion.
### 3. New Product, Service, or Management (N)
**Criteria:** Presence of new products, services, or management changes driving future growth.
**Analysis:**
- Suppose ICICIGI recently launched a new insurance product tailored for SMEs and appointed a new CEO with a strong track record.
- **Conclusion:** Meets the criterion with significant new initiatives and leadership.
### 4. Supply and Demand (S)
**Criteria:** Strong supply and demand dynamics, often indicated by trading volume.
**Analysis:**
- Suppose ICICIGI’s stock has shown increased trading volume in the last quarter, accompanied by a rising stock price.
- **Conclusion:** Meets the criterion, indicating strong demand for the stock.
### 5. Leader or Laggard (L)
**Criteria:** The stock should be a leader in its industry, often reflected by high relative strength.
**Analysis:**
- Suppose ICICIGI is one of the top performers in the insurance sector with a relative strength index (RSI) of 80.
- **Conclusion:** Meets the criterion as a leading stock in its industry.
### 6. Institutional Sponsorship (I)
**Criteria:** Presence of and increasing institutional ownership.
**Analysis:**
- Suppose institutional ownership in ICICIGI has increased from 20% to 35% over the past year.
- **Conclusion:** Meets the criterion with strong and increasing institutional sponsorship.
### 7. Market Direction (M)
**Criteria:** The overall market should be in an uptrend.
**Analysis:**
- Suppose the Nifty 50 index has been in a bullish trend over the past six months.
- **Conclusion:** Meets the criterion as the overall market is in an uptrend.
### Summary
Based on the hypothetical data provided:
- **C (Current Earnings):** ✅ Met (25% increase in EPS)
- **A (Annual Earnings):** ✅ Met (consistent annual growth)
- **N (New Product, Service, or Management):** ✅ Met (new product and management)
- **S (Supply and Demand):** ✅ Met (increased trading volume)
- **L (Leader or Laggard):** ✅ Met (leading industry position)
- **I (Institutional Sponsorship):** ✅ Met (increasing institutional ownership)
- **M (Market Direction):** ✅ Met (overall market uptrend)
ICICIGI meets all the CANSLIM criteria, indicating it could be a strong candidate for investment based on this strategy. To finalize this analysis, please replace the hypothetical figures with actual recent data from financial statements and market analysis reports.
Intraday level for ICICI LOMARD GENERAL INSURANCE for 31st May #Intraday level for ICICI LOMARD GENERAL INSURANCE for 31st May
#ICICIGI
Selling opportunity for intraday below 1575
Resistance and Stop Loss area around 1600
Charts for Educational purposes only.
Please follow strict Risk Reward and Stop Loss if you follow the levels.
Thanks,
V Trade Point
ICICIGI DOUBLE DOJI📈 Unlocking Market Magic with Double Doji: ICICIGI Edition! 🚀💹
Dive into the thrilling world of trading as we unveil an exciting strategy using not one, but two Dojis in the battle-tested domain of ICICIGI! 🏦✨
📊 Current Market Price (CMP): ₹1690
🛑 Stop Loss (SL): ₹1600
🎯 Target: ₹1777
lapu star breakoutA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
ICICIGI MONTHLY BREAKOUT📈 Exciting Chart Analysis Alert! 🚀
🔍 Chart Analysis: ICICIGI - Monthly Time Frame 📊
🚀 Potential Rounding Bottom Breakout!
📉 After a prolonged downtrend, ICICI General Insurance seems to be gearing up for a major turnaround! 🔄 The chart is painting a beautiful rounding bottom pattern, indicating a potential reversal.
🔥 Trade Setup:
CMP (Current Market Price): 1711 💹
SL (Stop Loss): 1589 🛑
Targets: 2279 🎯, 2879 🚀
🌐 What's a Rounding Bottom?
Imagine the market doing a graceful U-turn 🔄 - that's the rounding bottom! It's like the phoenix rising from the ashes, symbolizing a potential shift from bearish to bullish trends.
🚨 Trade Strategy:
📈 Wait for the breakout confirmation.
⚖️ Place your stop-loss strategically at 1589.
🎯 Targets set at 2279 and 2879.
🤔 Why is this exciting?
Rare chart pattern alert!
Potential reversal play in a long-term downtrend.
🚀 Targets set for an optimistic ride!
📈 Disclaimer: Trading involves risk. Always conduct thorough research and use risk management strategies. Not a SEBI registered analyst.
👉 Your thoughts? Excited about this potential breakout? Share your insights below! Let's discuss and learn together! 🤝💬
#ChartAnalysis #StockMarket #TechnicalAnalysis #ICICIGI #Trading #Investing #FinancialMarkets 📈✨
#ICICIGI is in an uptrend inside this parallel channel#ICICIGI
“ICICI Lombard General Insurance Co Ltd” - Stock is in an uptrend inside this parallel channel.
Also breaking out of the diagonal trendline. I think a pullback towards buy zone as in chart can give good potential returns. Long-term target zone also on chart.
ICICIGI Up Move ExpectedIn ICICIGI an up move is expected till 1650. This stock has given a strong breakout and the breakout is also backed by huge volume. This stock can give you a return of around 195 point which is around 13.42 from 1454.85 and also a Risk to Reward Ratio of 1:4.42. You can definitely go for it but only after considering the risk first.
FOLLOW FOR MORE!!
ICICI LOMBARD may breakout from falling wedge patternICICI bank already given breakout of weekly resistance currently at daily time frame resistance once broke out we could see next FIB level as market promising for bullishness after breakout and retrecement i feel it can be long with safe SL of retest support level.