This 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
Stock 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...
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...
WTF in UT,
DTF formed a Box patternt with a minor CVP, near WTF RT, SC seen.
Volume dryout before BO, BO with higest volume.
Price at ATH,
RS Line 52WH
EMA Rule in place
MACD Crossover
Note: Other stocks in the sector are near BO or forming VCP.
A stock to watch out for, it's currently undervalued compared to its peers, it can give a breakout in upcoming weeks.
Strong results expected, considering the demand of health insurance and motor insurance parameters.
#GICRE
CMP - ₹.226
Company engaged in the business of reinsurance. 85 % promoter holdings with zero promoter pledge and zero debt. Annual net profits are increasing for last two years. ROCE, ROA,ROE increasing for last two years. Stock is near it's 52 week high with significant volumes. FII's are increasing their shareholdings. Stock is trying to escape from its...
GIC RE CMP 235 Has Given A Good Momentum Breakout And Continued It's Upmove. The Base Has Been Setting Well And The Past Resistance Zones Are Been Taken Off With Sustainable Continuous Candles. Expecting A 40% Move Here In Next 12 Months Max For Targets Of 315-330.
BUY - GENERAL INSURANCE
CMP - Rs. 219
Target - 1: Rs. 301
Target - 2: Rs. 392
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Timeframe - 2 months - 8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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The identification of the Cup and Handle pattern on GICRE's price chart introduces an intriguing opportunity for traders and investors. However, it's essential to note that no pattern guarantees future price movements. A combination of technical analysis, fundamental research, and market trends can provide a more comprehensive view of the potential trade.
As with...
This scrip demonstrates an Inv H&S pattern, the entry could be above the neckline break & the target is mentioned.
Pattern is also pronounced in the W time frame
