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Technicals for General Insurance Corporation of India
By MusingTheNews
2025-06-13 20:34
Overall Technical outlook
Price Summary
With a -2.61% drop, General Insurance Corporation of India enjoyed a awful day in the stock market. 2025-06-12, saw GICRE's stock open at 404.6, hit a peak of 408.75, fall to a low of 392.95, and close lower -2.61% at 394.05, with 821108 shares changing hands. The stock's highest price in the past 52 weeks is 501.0, while its lowest price during the same period is 348.7. Based on recommendations from 4 analysts, the future price of GICRE is expected to range from 197.0 to 550.0, with an average price expectation around 378.0.
Technicals
Support and Resistance: The price sits at 394.05, supported by 377.95 and resisted by 407.6. This indicates a trading range where 377.95 provides a floor, preventing declines, and 407.6 acts as a ceiling, limiting further price increases for GICRE. Support/Resistance for GICRE
Aroon: The continuation of Aroon's bearish trend for GICRE, with Aroon Down still at the 100 level, signals ongoing weakness. To fully assess this trend, it should be explored further in conjunction with other indicators. Aroon chart for General Insurance Corporation of India
Bol. Bands: The current reading of the BOLL BANDS 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. Bolinger Bands chart for General Insurance Corporation of India
Parabolic SAR: The PSAR maintains a bearish outlook, setting a key resistance level that could limit further gains. This resistance reinforces the bearish sentiment, indicating that the market may face challenges in pushing higher. Parabolic Stop and Reverse chart for General Insurance Corporation of India
Stochastic: The Stochastic K-line for GICRE has moved below the D-line and sits under 20, indicating a mildly bearish signal. This suggests that the market might experience some weakness, though the bearish sentiment is not particularly strong. Investors should stay alert for any additional signals. Stochastic chart for General Insurance Corporation of India
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Tripple SMA chart for General Insurance Corporation of India
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
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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