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Price and trend forecast of GICHSGFIN for Tomorrow, Weekly, Monthly

GIC Housing Finance Limited

Symbol: NSE:GICHSGFIN

ISIN: INE289B01019

252.81

As on 2024-07-19

174.45 (52W Low) 292.40 (52W High)

GICHSGFIN's Today's Performance

GIC Housing Finance Limited started the day by opening at 262.80 today 2024-07-19. Its shares reached a high of 262.80 and dipped to a low of 251.25 in intraday. When the markets closed, GICHSGFIN’s stock price settled at ₹252.81 per share. Also check out its key support and resistance levels.

GICHSGFIN Buy/Sell Targets

Tomorrow, sell GICHSGFIN when its price reaches ₹ 252.81 with a stop-loss order at ₹ 258.10. You can set the target price as ₹ 247.52 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of GICHSGFIN for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for GICHSGFIN

Downside Targets Value in ₹
Tomorrow Down Target 1 260
Tomorrow Down Target 2 267
Tomorrow Down Target 3 272

Important Levels for GICHSGFIN

Holding Levels Value in ₹
Tomorrow Up Target 1 248
Tomorrow Up Target 2 244
Tomorrow Up Target 3 237
Based on where the stock opens tomorrow, if GICHSGFIN opens on a positive note, our first target will be ₹260. If Target 1 is achieved, we will aim for Target 2 which is ₹267.

But if GICHSGFIN falls below the average value of ₹255.62, you can enter a sell side position with target number 1 - ₹248 and second target - ₹244 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of GICHSGFIN

Looking at GICHSGFIN, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, GICHSGFIN has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GICHSGFIN is moderate bearish.

Tomorrow's Volume based share price Forecast for GICHSGFIN

GICHSGFIN's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 254%.

Reversal detection for GICHSGFIN

Predicted trend chart of GICHSGFIN tomorrow for price forecast
GICHSGFIN may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹263 in morning tomorrow
Target 1 tomorrow260
Target 2 tomorrow263
Target 3 tomorrow267
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with GICHSGFIN's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if GICHSGFIN opens on a positive note, our first target will be ₹259.99. If Target 1 is achieved, we will aim for Target 2 which is ₹267.17.

But if GICHSGFIN falls below the average value of ₹255.62, you can enter a sell side position with target number 1 - ₹248.44 and second target - ₹244.07

GICHSGFIN's Weekly Targets
1st Up Target 266.76
2nd Up Target 280.70
1st Down Target 245.06
2nd Down Target 237.30

As the week for GICHSGFIN ended on bearish sentiments, we can expect further continuation of this sentiment. GICHSGFIN's initial target will be 266.76 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 245.06 in the upcoming week.

Weekly OHLC Values
Open 272.70
High 272.95
Low 251.25
Close 252.81

Week for GICHSGFIN started with an open price of 272.70, and the close was at 252.81. GICHSGFIN reached the highest of 272.95 and dipped lowest up to 251.25 last week. This indicates a bearish sentiment for the week.

GICHSGFIN full month swing targets
Monthly Up Target 1 288.46
Monthly Up Target 2 302.40
Monthly Down Target 1 223.36
Monthly Down Target 2 193.90

Targets of ₹288.46 can be expected to be reached in the coming month. Once GICHSGFIN achieved this target, we can aim for the next upside target of ₹302.40.

GICHSGFIN if fails to hold upside, down targets of ₹223.36 and ₹193.90 can be achieved by end of this month.

For complete three weeks if GICHSGFIN is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as GICHSGFIN

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

GICHSGFIN is expected to reach the target of 259.99 in tomorrow's trading session.

After achieving the initial target in GICHSGFIN, we will aim for higher targets of 267.17 tomorrow.

However, if GICHSGFIN starts to trade below ₹255.62, then we will shift our focus to the sell side and aim for down targets of 248.44 and 244.07.