Stock Information Portal

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

General Insurance Corporation of India

Symbol: NSE:GICRE

ISIN: INE481Y01014

375.85

As on 2024-07-23

194.50 (52W Low) 467.80 (52W High)

GICRE's Today's Performance

General Insurance Corporation of India started the day by opening at 391.55 today 2024-07-23. Its shares reached a high of 394.60 and dipped to a low of 355.20 in intraday. When the markets closed, GICRE’s stock price settled at ₹375.85 per share. Also check out its key support and resistance levels.

GICRE Buy/Sell Targets

Tomorrow, sell GICRE when its price reaches ₹ 375.85 with a stop-loss order at ₹ 389.15. You can set the target price as ₹ 362.55 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 GICRE 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 GICRE

Downside Targets Value in ₹
Tomorrow Down Target 1 395
Tomorrow Down Target 2 415
Tomorrow Down Target 3 435

Important Levels for GICRE

Holding Levels Value in ₹
Tomorrow Up Target 1 356
Tomorrow Up Target 2 336
Tomorrow Up Target 3 316
Based on where the stock opens tomorrow, if GICRE opens on a positive note, our first target will be ₹395. If Target 1 is achieved, we will aim for Target 2 which is ₹415.

But if GICRE falls below the average value of ₹375.22, you can enter a sell side position with target number 1 - ₹356 and second target - ₹336 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 GICRE

Looking at GICRE, 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, GICRE has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for GICRE

GICRE'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 GICRE

Predicted trend chart of GICRE tomorrow for price forecast
GICRE may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹389 in morning tomorrow
Target 1 tomorrow390
Target 2 tomorrow400
Target 3 tomorrow415
 

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 GICRE'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 GICRE opens on a positive note, our first target will be ₹395.23. If Target 1 is achieved, we will aim for Target 2 which is ₹414.62.

But if GICRE falls below the average value of ₹375.22, you can enter a sell side position with target number 1 - ₹355.83 and second target - ₹335.82

GICRE's Weekly Targets
1st Up Target 395.57
2nd Up Target 415.28
1st Down Target 355.67
2nd Down Target 335.48

As the week for GICRE ended on bearish sentiments, we can expect further continuation of this sentiment. GICRE's initial target will be 395.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 355.67 in the upcoming week.

Weekly OHLC Values
Open 384.00
High 395.10
Low 355.20
Close 375.85

Week for GICRE started with an open price of 384.00, and the close was at 375.85. GICRE reached the highest of 395.10 and dipped lowest up to 355.20 last week. This indicates a bearish sentiment for the week.

GICRE full month swing targets
Monthly Up Target 1 435.47
Monthly Up Target 2 455.18
Monthly Down Target 1 315.77
Monthly Down Target 2 255.68

Targets of ₹435.47 can be expected to be reached in the coming month. Once GICRE achieved this target, we can aim for the next upside target of ₹455.18.

GICRE if fails to hold upside, down targets of ₹315.77 and ₹255.68 can be achieved by end of this month.

For complete three weeks if GICRE 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 GICRE

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

GICRE is expected to reach the target of 395.23 in tomorrow's trading session.

After achieving the initial target in GICRE, we will aim for higher targets of 414.62 tomorrow.

However, if GICRE starts to trade below ₹375.22, then we will shift our focus to the sell side and aim for down targets of 355.83 and 335.82.