accumulation in progress - buywe can see in uptrend the volumes are much higher as compared to downside candle volume. it clearly show a demand zone. seems accumulation in progress. long for good RR
GICRE trade ideas
double bottom on daily chartstock looks good in short term as double bottom seen on daily and weekly chart , has reversed from good support zone
GIC - inside candle breakoutinside candle breakout on weekly charts
lic ipo affecting gic price or vice verca ?
keep on your watchlist
for education purposes only
GICRE stock is about to break the trend line.NSE:GICRE
Aim for 6-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
500% move in GICRE GICRE is consolidating for super strong bull run. It is forming a rounded bottom and getting ready for big move. Being India's only reinsurance company, GICRE has an amazing future as people are understanding the importance of insurance.
SWING 1. Wait for trend reversal @ 4H.
along with weekly confirmation to avoid fake out as happened in Polycab.
2. Earnings in 14 days.
gicreThe company provides reinsurance across many key business lines including fire (property), marine, motor, engineering, agriculture, aviation/space, health, liability, credit and financial and life insurance. As a sole reinsurer in the domestic reinsurance market, it provides reinsurance to the direct general insurance companies in the Indian market. It receives statutory cession of 5% on each and every policy subject to certain limits. It leads many of domestic companies’ treaty programmes and facultative placements. As it spreads its wings to emerge as an effective reinsurance solutions partner for the Afro-Asian region and has started leading the reinsurance programmes of several insurance companies in SAARC countries, South East Asia, Middle East and Africa. To offer its international clientele an easy accessibility, efficient service and tailor made reinsurance solutions; GIC has opened liaison/ representative/ branch / subsidiary offices in UK, Russia, UAE, Malaysia, South Africa and Brazil. GIC also has an offshore branch in GIFT City, Gujarat. GIC provides following capacities for Treaty and Facultative business on risk emanating from the international market based on merits of the business.
BUY NSE:GICRE (General Insurance Corporation)BUY GICRE @Current price 140
Target: 226
Stoploss: 130
Note its weekly chart. so Target can come in 3-5 months.
Falling ChannelStock has broken falling channel, 145 to 155 good price to buy expected targets are on chart
Lets see...
GICREShort Term Trade
Entry above 122 up to 140.8.
Short term target 162.3. Book partial profit and reassess.
Trendline breakout in GICRENSE:GICRE is breaking out from trendline and if it manages to close above it today with good volumes then it would reach the recent swing high around 157 (10% upside).
Flag breakoutFlag breakout with good volume.
Buy for short term target of 160, Medium term 220.
Good stock to hold. One can buy in SIP manner too. Thanks
general insurance can give breakout or breakdowngeneral insurance can give breakout or breakdown as per next movement on 1hr candle currently trading on descending triangl e
GIC Insurance .. Breakout.. and rounding bottomThe stock could see substantial upside in the next 3 months, if the breakout is established
