Stop Loss: Rs 1,912
Target: Rs 2,195
ICICI Lombard General Insurance is showing a positive technical setup after consolidating above key moving averages. The stock is forming higher lows, indicating steady accumulation and improving momentum. Prices are sustaining above the short- and medium-term averages, suggesting trend strength. Buy at CMP 2,010, with a stop-loss at 1,912 to protect downside risk. On the upside, a sustained move can drive the stock towards 2,195 in the near to medium term. Overall, the structure remains bullish as long as the stock holds above the rising support zone.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)