There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
General Insurance Corporation of India
Target: RS 450
CMP: RS 427.20
ENTRY RANGE: 422-432
STOP LOSS: RS 350
Disclaimer: I am not Sebi Registered.
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...
As stock standing on the neckline, 2018 high of the stock was 448, so this time the stock if manage to cross 448 then, next leg of move can come into the stock, immediate move of 100 pts can be expected and 700 plus target can also be expected in the coming weeks, all technical parameters are positive.
GIC RE CMP 281.50
buy above 282.50
SL 1 - 279 SL 2 - 260
Tgts 295-305-315
For more info - Plz visit my Profile
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Regards,
Naresh G
SEBI Reg. RA
#GICRE trading above Resistance of 370
Next Resistance is at 449
Support is at 308
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
#GICRE trading above Resistance of 265
Next Resistance is at 370
Support is at 195
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
general insurance is a fundamentally strong company which is udervalued right now.
Stock with good momentum can make great in short term
breakout from rectangle pattern - volume is high
Target - 450 (3 months)
triangle is a chart pattern is a tool used in technical analysis. The triangle chart pattern is named as such because it resembles a triangle. It is depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns of an existing trend or reversal. Despite...
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Exit from the trade when current day closes below previous day low.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : On result day trail your SL at 15Min Time Frame
All INSURANCE sector STOCKS in breakout level watch.. Them
- LICI , GICRE , NIACL , Edelweiss.
- Edelweiss -you can also look on my past analysis on this stock
Or should i post charts of all these stocks ?...
- Highest ever quarterly sales of 13000cr and net profit of 1600 crore.
- Highest ever yearly net profit in segment after LIC and highest ever sales...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT.
Entered already at 242
