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GENERAL INSURANCE CORPORATIONGENERAL INSURANCE CORPORATIONGENERAL INSURANCE CORPORATION

GENERAL INSURANCE CORPORATION

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GICRE trade ideas

Will GICRE break the ~5 yr bearish trendline and go long? In weekly timeframe (mostly month/day), GICRE framing the bearish trendline from 2018 - it's acting as resistance and got rejected at least 4 times. Now, it's in triangle pattern with support line (all time low support line) with bearish resistance trendline It can see resistance around 137-143 and if it sustain above then it can go long. Next 4-6 weeks will be key for this stock. Note: This is only for educational purpose and not for recommendations at all.
NSE:GICRE
by Naresh_NM
1
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.
NSE:GICRELong
by Chartmaniac
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.
NSE:GICRELong
by Tradernawab