Stock Information Portal

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

General Insurance Corporation of India

Symbol: NSE:GICRE

ISIN: INE481Y01014

328.25

As on 2024-04-16

142.35 (52W Low) 467.80 (52W High)

GICRE's Today's Performance

General Insurance Corporation of India started the day by opening at 325.30 today 2024-04-16. Its shares reached a high of 338.00 and dipped to a low of 322.80 in intraday. When the markets closed, GICRE’s stock price settled at ₹328.25 per share. Also check out its key support and resistance levels.

GICRE Buy/Sell Targets

Tomorrow, buy GICRE when its price reaches ₹ 328.25 with a stop-loss order at ₹ 320.68. You can set the target price as ₹ 335.82 to capture potential gains. This buy 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 support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GICRE

Resistance Levels Value in ₹
Tomorrow Resistance 1 337
Tomorrow Resistance 2 345
Tomorrow Resistance 3 352

Important Supports for GICRE

Support Levels Value in ₹
Tomorrow Support 1 321
Tomorrow Support 2 314
Tomorrow Support 3 306
Based on where the stock opens tomorrow, if GICRE opens on a positive note, our first target will be ₹337. If Target 1 is achieved, we will aim for Target 2 which is ₹345.

But if GICRE falls below the average value of ₹329.68, you can enter a sell side position with target number 1 - ₹321 and second target - ₹314 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 trend may continue to be bullish since stock is making higher highs and we can get target of ₹322 in morning tomorrow
Target 1 tomorrow335
Target 2 tomorrow339
Target 3 tomorrow345
 

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 ₹336.57. If Target 1 is achieved, we will aim for Target 2 which is ₹344.88.

But if GICRE falls below the average value of ₹329.68, you can enter a sell side position with target number 1 - ₹321.37 and second target - ₹314.48

GICRE's Weekly Targets
1st Up Target 340.62
2nd Up Target 352.98
1st Down Target 313.27
2nd Down Target 298.28

As the week for GICRE ended on bullish sentiments, we can expect further continuation of this sentiment. GICRE's initial target will be 340.62 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 313.27 in the upcoming week.

Weekly OHLC Values
Open 320.00
High 338.00
Low 310.65
Close 328.25

Week for GICRE started with an open price of 320.00, and the close was at 328.25. GICRE reached the highest of 338.00 and dipped lowest up to 310.65 last week. This indicates a bullish sentiment for the week.

GICRE full month swing targets
Monthly Up Target 1 367.97
Monthly Up Target 2 380.33
Monthly Down Target 1 285.92
Monthly Down Target 2 243.58

Targets of ₹367.97 can be expected to be reached in the coming month. Once GICRE achieved this target, we can aim for the next upside target of ₹380.33.

GICRE if fails to hold upside, down targets of ₹285.92 and ₹243.58 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 336.57 in tomorrow's trading session.

After achieving the initial target in GICRE, we will aim for higher targets of 344.88 tomorrow.

However, if GICRE starts to trade below ₹329.68, then we will shift our focus to the sell side and aim for down targets of 321.37 and 314.48.