GICRE trade ideas
GICRE (EDUCATIONAL PURPOSE ONLY)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-An insurance stock for long term!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.
GENERAL INSURANCE 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.
GICRE - Swing TradeGIC RE CMP 281.50
buy above 282.50
SL 1 - 279 SL 2 - 260
Tgts 295-305-315
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Regards,
Naresh G
SEBI Reg. RA
General Insurance Corporation of India - Long Setup, Move is ON.#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 only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Channel Breakout - GICREPlease 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 for long term.
Multi year breakout - General Insurancegeneral 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)
bullish gicre 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 being a continuation, traders should look for breakouts before they make a move to enter or exit a position.
Momentum GameIdea 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
General Insurance Making Round Bottom...Boom in Insurance marketAll 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 after LIC.
Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions.
Breakout after 4 years of consolidation with huge volumeStock has given weekly close above horizontal trendline after 4 years with huge volume. Let’s track for upmove
Amazing breakout on Weekly / Daily Timeframe - GICRECheckout 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
Just follow Institution and make profitin equity market we just need to identify institutions presence , where they are making positions thats it. rest everything mentioned on chart.
GICREGICRE - General Insurance another breakout and looking good for the target of 260-300-325++ Keep SL 200
GICRE BULLISH, Kindly do your own studyThis stock has given strong breakout on weekly timeframe.
Monthly price action is strong
Weekly RSI is in momentum
Weekly ADX is strong
All the EMAS are positive and volume is good
GICRE - Ichimoku BreakoutStock Name - General Insurance Corporation of India
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 261
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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Consolidation Breakoutcoming out from the consolidation and forming the cup pattern
Buy : 247
SL : 225
Ascending Triangle Pattern Breakout - GICREPlease 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 for long term.
GICREGeneral Insurance Corporation of India in uptrend. Broken Double bottom structure.This Move won't stop until reach 300.
