stock looks good in short term as double bottom seen on daily and weekly chart , has reversed from good support zone
inside candle breakout on weekly charts lic ipo affecting gic price or vice verca ? keep on your watchlist for education purposes only
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...
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.
Long term Bearish trend, stay away. Might pop up a bit and again go down.
1. Wait for trend reversal @ 4H. along with weekly confirmation to avoid fake out as happened in Polycab. 2. Earnings in 14 days.
The 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...
GICRE EQUITY levels ...18/06/2021 (D candle)
BUY GICRE @Current price 140 Target: 226 Stoploss: 130 Note its weekly chart. so Target can come in 3-5 months.
Must buy for long term as company also going for privatization.
Stock has broken falling channel, 145 to 155 good price to buy expected targets are on chart Lets see...
Short Term Trade Entry above 122 up to 140.8. Short term target 162.3. Book partial profit and reassess.
NSE: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 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