icici lombard Buy trade
SOURCE : Weekly Demand
Destination : Weekly Supply
Confirmation : Daily
Trade : Daily
Price has reacted to a Fresh Weekly Demand and has headed towards the Fresh Weekly Supply and we have a Price giving confirmation in Daily chart and we have a Potential Demand formed in Daily which has a good reward to risk ratio to offer.
ENJOY THE RIDE ! ! !
ICICIGI trade ideas
ICICIGI - ACCUMULATION OR DISTRIBUTION?NSE:ICICIGI
ICICIGI formed a good trading range.
its been consolidating for 25 days now with a total volume of 10.5 Million shares.
Big players are getting it ready for a big move as they are slowly building positions in the stock.
I will watch for a breakout to the one side with above-average volume.
#Breakout levels are marked on chart
Use position sizing according to your stop loss level.
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icici lombardOn a sequential basis, the retention ratio (net premium written/gross premium written) was high,
because Q1 is typically a period of commercial policy renewal where the reinsurance support is
relatively higher, whereas in Q2 there is a higher proportion of retail business coming in.
• GDPI (Gross Direct Premium Income) of the company stood at ₹5,185 crore in Q2 FY23, a growth of
17.2% as against an industry growth of 10%. This was primarily driven by growth in preferred
segments.
• In H1 FY23, GDPI was ₹10,555 crore, recording a rise of 22.6% as compared to industry growth of
15.3%.
• During the quarter, the reported net profit included a reversal of tax provision of ₹128 crore,
excluding which the reported net profit growth would be 3.4%.
• During the quarter, the company has exercised the call options to redeem the debentures of ₹220
crore in full along with the final interest due, post receipt of necessary approvals. Thus, the
outstanding debentures stood at ₹35 crore as of 30th September 2022.
icici Lombard future viewicici Lombard is great company, gaining its market share form lic ltd. it had corrected a lot, and i have drawn the waves for the future. it will be reaching its previous trend line comtinuing padt from the corona(drawn in the chart), so it will have a impulsve wave from my analysis point of view.
ICICIGI - PERFECT SYMMETRICAL TRIANGLE BREAKOUT📊 Script: ICICIGI (ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: Insurance
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 Symmetrical Triangle Breakout.
📈 Right now RSI is around 75.
⏱️ C.M.P 📑💰- 1296
🟢 Target 🎯🏆 - 1412
⚠️ Stoploss ☠️🚫 - 1245
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!🥂