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tradewithamey_
Sep 13, 2023 7:20 AM

GICRE-An insurance stock for long term! Long

NSE:GICRE1W
GENERAL INSURANCENSE

Description

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GICRE has given a breakout from downtrend has retested the 200 levels yesterday.
This stock is looking good as an positional bet. SL can be below 175 weekly closing basis.
Targets can be minimum 300 and then above it hold for long term as an investment pick as per your risk appetite.
Stock has good fundamentals available at cheap P/E ratio of 5.2 at CMP.
Stock also offers dividend yield of above 3% and is in business of reinsurance.

Idea shared for educational purpose only.

Comment

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255 from 210. 20% returns done.

Comment

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Minimum target of 300 hit today.
Amazing 40% returns in 2 months.

Comment

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Nice consolidation after big rally. Now stock looking set for rally 2.0

Comment

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438 from 210. 2x returns done!

Comment

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New ATH made by stock today!

Comment

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That is why locking profits are important
Trend AnalysisChart PatternsFundamental AnalysisGICREchartanalysisinvestingpositionalpsustocksinsurancestocks
Comments
hotOatmeal23092
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Rally 2.0 what's ur target
break IPO price or above IPO price
tradewithamey_
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@hotOatmeal23092, Definitely above its ATH which is near 450, chart is similar to LIC but over a longer period. NIACL , LICI and GICRE are showing similar trend.
tradewithamey_
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@hotOatmeal23092, please check today's high. 450 target done. ATH crossed today
hotOatmeal23092
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If u r technical analyst
draw perfect long-term monthly chart view then
what's the target
Ur prediction
tradewithamey_
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@hotOatmeal23092, Also, For a stock listed around 6 years back, monthly chart will have less information.
hotOatmeal23092
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My target 550+
If 450 cross then 513 for sure
spiritedSeahor33663
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rally 2 targets sir ?
tradewithamey_
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@spiritedSeahor33663, Minimum expected target is ATH around 450 with 300 as weekly support
tradewithamey_
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@spiritedSeahor33663, 450 target hit. Open targets post this.
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