Posted On: September 6, 2023

Stock Report :  ICICIPRULI(NSE) 05 Sep 2023

Outlook: Bearish

Sector: Financial Services

Industry: Insurance – Life

ICICI Prudential Life Insurance Company Limited offers products across savings, investments, and protection categories that match the different life stage requirements of customers and enable them to achieve their long-term financial goals. The company has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance, and a hassle-free claim settlement experience to customers. Its segments are Par Life, Par Pension, Non Par Life, Non Par Pension, Non Par Variable, Non Par Variable Pension, Annuity Non Par, Health, Linked Life, Linked Pension, Linked Health, Linked Group Life, Linked Group Pension, and Group Pension Share holders. 

#xCalData predicts that # ICICIPRULI will continue its bearish phase over the next five days and trend within the range of 510 to 563.  

In comparison to the previous month, the price of the stock has experienced a decline of 5.95% indicating a bearish. 

The Stock has doubled once since 21 Nov 2016 and took an average of 4.4 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely MFI indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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