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Technicals for General Insurance Corporation of India
By MusingTheNews
2026-02-02 20:34
Overall Technical outlook
Price Summary
General Insurance Corporation of India's stock opened at 373.5 on 2026-02-02, surged to 374.05, dropped to 365.85, and ended -0.72% lower at 370.8, with 385724 shares traded. In the past year, the highest stock price was 445.35, and the lowest was 359.7. According to 5 analysts, the future price is anticipated to vary between 345.0 and 600.0, with an average expected price of around 465.0.
Technicals
Support and Resistance: The price for GICRE is 370.8, with support at 363.65 and resistance at 374.25. This suggests a range where 363.65 acts as a base, preventing declines, and 374.25 caps gains, defining key trading levels. Support/Resistance for GICRE
Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Aroon chart for General Insurance Corporation of India
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for General Insurance Corporation of India
Parabolic SAR: The PSAR for GICRE maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment. Parabolic Stop and Reverse chart for General Insurance Corporation of India
Stochastic: The current reading of the STOCHASTIC indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Stochastic chart for General Insurance Corporation of India
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages shows a bullish trend, but the declining slopes of the 20 and 50 SMAs suggest that this trend may be losing strength. This weakening could be a sign that the market is nearing a reversal, with a possible bearish shift in price action becoming more likely as the uptrend starts to wane. Tripple SMA chart for General Insurance Corporation of India
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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