was taking resistence since 2019 dec, now it has broken Buy 180 SL 160 Target 260
gicre swing trade if the trendline break with good volume candle can go long
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#GICRE On the Support and Ready for 15-20% upside move .... For short term and upto 40% on mid term ...
Stock was making round bottom pattern maintaining its trendline but failed, fresh level for entry marked alongwith targets and chart, keep watch.
The trendline has broken after a long time And the trendline in these shares has also been retested If you want to enter now, you can do it Target will get 192 192 to 208 is the choppy area Crossing this would give another target of 244 Stop loss of 100 to 115 can be kept for long time
Updated chart .. Entry on 1st Nov @ 126 CMP 201 Almost 60% returns can trail for more.
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Beautiful breakout of tringle paten volumes are also good so you can make entry above 185 with a SL of 155 and TG1 of 321 , TG2 of 282 and TG3 of 335 holding period would be 1-2 months. ENTER WITH PROPERRISK MANAGEMENT AND ACCORDING TO YOUR RISK APPETIATE BECAUSE MARKET IS LITLE BIT VOLITILITY
Stock is bullish above E89 band and is on way to the GARTLEY pattern target of 275
GICRE Analysis Currently price is on the channel 115 looks good buy on demand zone (marked on green) however if price break the channel and above 160 expecting to reach the trend line and fib extn target of 230+ Lets See... Happy Investing!!
*General Insurance* Time Frame: Daily Observation: * Rounding Bottom Formation * Swing High Break Resistance/Target: 147 162 176 185 Support: 117 109
General Insurance Corporation of India all levels given in chart, do ur own analysis, trade based ur own risk and reward...
GICI has been on a downtrend from past few quarters. Its seems that this trend could be reversing. Its last quarter results have been abysmal but yet the stock looks constant. It seems as if all the supply has exhausted and demand can take control if september quarter shows good results. The stock is outperforming the index and can continue to do so. RR looks...
GICRE CMP 124 Buy Above 126 SL below 100 Can add more at 132 Positional Swing
I bought GICRE Candle above 200 EMA Manual trend is bullish RSI has a bullish crossover. SL 120 T1 135 / T2 170 Positional trade
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...
we 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