ICICIGI Stock Analysis – CMP ₹2,050 | Bullish Setup Emerging 🚀
ICICIGI is showing strong bullish momentum on the daily chart. The stock is currently trading above its 20-day Simple Moving Average (SMA) and has formed a healthy uptrend supported by increasing momentum signals. Technical indicators like MACD and RSI are aligned for a continued upside.
📊 Technical Snapshot
- Current Market Price (CMP): ₹2,050.80
- 20-Day SMA: ₹1,967 (Price trading well above)
- MACD: 33.27 | Signal: 29.45 | Histogram +3.82 (Bullish)
- RSI (14): 64.88 → Positive momentum, not overbought
- Volume: Healthy; confirming breakout continuation
💹 Trend & Market Structure
The daily chart shows higher highs and higher lows – a clear bullish pattern. Price has successfully broken out of its recent consolidation and remains above its dynamic support (20-SMA). MACD crossover and a rising RSI both indicate the bulls are in control.
Timeframe: Daily Swing Setup
Strategy: Buy on breakout or dip near support
🎯 Key Levels
| Type | Level (₹) | Remarks |
|---|---|---|
| Support 1 | 2,000 | Immediate short-term support |
| Support 2 | 1,967 | 20-SMA – strong swing support |
| Resistance 1 | 2,080 | Minor resistance / breakout point |
| Resistance 2 | 2,180 – 2,250 | Next bullish target zone |
📈 Trade Ideas
- Entry (Aggressive): Buy near ₹2,050-2,060 with SL ₹1,960 → Targets ₹2,080 / ₹2,180
- Entry (Conservative): Wait for daily close above ₹2,080 → Targets ₹2,180 / ₹2,250
- Pullback Buy: Add near ₹2,000-₹1,980 with SL ₹1,920
🧭 Summary
ICICIGI remains in a bullish trend with strong momentum indicators. Traders can look for a daily close above ₹2,080 for a confirmed breakout toward ₹2,180-₹2,250. A sustained close below ₹1,960 would invalidate this bullish setup.
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