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GENERAL INS CORP OF INDIAGENERAL INS CORP OF INDIAGENERAL INS CORP OF INDIA

GENERAL INS CORP OF INDIA

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GICRE trade ideas

GENERAL INS CORP OF INDIA S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:GICRE
by zenthosh
GICRE Weekly symmetrical triangle breakoutGICRE Weekly Symmetrical Triangle Breakout 🚀 Analysis: GICRE has broken out of a symmetrical triangle pattern on the weekly chart, accompanied by a significant volume spike. Breakout Level: ₹450 Current Price: ₹501 (+13.23%) Volume: 53.43M (above the 8.01M average) Key Levels: Upside Targets: ₹550 | ₹600 Support Zone: ₹450 Trade Setup: Look for sustained buying or a retest near ₹450 for potential entry. 📌 High probability trade with bullish confirmation. Maintain proper risk management!
NSE:GICRELong
by TradeAXN
GIC Re: Eyeing a Potential Breakout on the Weekly ChartThe stock of General Insurance Corporation of India (GIC Re) is exhibiting a promising technical setup as it consolidates near critical resistance. With strong price action and an ascending triangle pattern forming, the stage seems set for an upward breakout. Key Levels and Setup 📈 Support Trendline: The stock has consistently respected an upward trendline, starting from lower levels and providing a strong base for price action. 📌 Immediate Resistance: ₹440–₹460 is the critical zone to watch. A breakout above this level could open doors to significant upside potential. 🚀 Upside Targets: Target 1: ₹520 Target 2: ₹740 📉 Stop-Loss: To manage risk, a stop-loss can be placed below ₹430, near the ascending trendline support. Trading Plan Breakout Confirmation: Look for a weekly close above ₹460 with a noticeable increase in volume to confirm the breakout. Retest Entry: If the stock retests ₹440–₹460 as support, it could provide a low-risk entry opportunity for positional traders. Volume and Momentum Keep an eye on trading volume as the stock approaches ₹460. A high-volume breakout will reinforce the bullish case, increasing the likelihood of sustained upward momentum. ⚠️ Warning: Markets are unpredictable, and no setup guarantees profits. Always use proper risk management strategies to protect your capital. Disclaimer: This is not financial advice. Always perform your own analysis or consult with a financial advisor before making any investment decisions. 💬 What are your thoughts on GIC Re’s potential breakout? Do you think it will hit ₹740? Let me know in the comments below! 🚀📊 Don’t forget to follow, like, comment, and share for more insights like this! #GICRe #TechnicalAnalysis #StockBreakout #TradingSetup
NSE:GICRELong
by niveshIQ
GICRE Weekly symmetrical triangle breakoutGICRE Weekly Symmetrical Triangle Breakout 🚀 Analysis: GICRE has broken out of a symmetrical triangle pattern on the weekly chart, accompanied by a significant volume spike. Breakout Level: ₹450 Current Price: ₹501 (+13.23%) Volume: 53.43M (above the 8.01M average) Key Levels: Upside Targets: ₹550 | ₹600 Support Zone: ₹450 Trade Setup: Look for sustained buying or a retest near ₹450 for potential entry. 📌 High probability trade with bullish confirmation. Maintain proper risk management!
NSE:GICRELong
by TradeAXN
GENERAL INS CORP OF INDIA S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:GICRE
by zenthosh
GENERAL INSURANCE CORPORATION S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BSE:GICRE
by zenthosh
General insurance corporations: breakout and retesting Very fair valuation insurance Co. All technical Parameters are good to enter at this price. Trading above all important moving average. Recently, it broken the consolidation range and come out with massive volume. Now,market is awaiting the Qtrly result on 28 may 24. If result comes in favor of market expectations ,then it will give 20-25%within few weeks. In 4H ,RSI is under overbought zone. Any opportunities to Add 355- 360.add in small qty. If post good result, then add more qty.
NSE:GICRELong
by SWINGERTRADER1
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