GICRE - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis – GICRE (General Insurance Corporation of India) IntraDay Trade Rating: 3.2

GICRE presents a technically cautious but potentially opportunistic setup. While fundamentals are healthy and long-term value looks promising, intraday indicators hint at subdued momentum with pockets for scalping if the trade aligns early in the session.

🔍 Key Technical Overview

RSI (39.0) → Near oversold; suggests possibility of reversal but no confirmation yet.

MACD (-3.71) → Negative crossover with weakening momentum.

Volume (3.08L vs Avg 2.91L) → Slightly above average; shows some interest but lacks a strong surge.

Price below DMA50 (₹388) and DMA200 (₹394) → In short-term downtrend; overhead resistance may limit rally.

On the fundamentals side, GICRE shines with solid profitability, zero debt, and an attractive dividend. But intraday traders need sharper volatility and triggers.

💸 Intraday Trade Setup

Action Price Range (₹)

Buy Entry Zone ₹368 – ₹371

Profit Target ₹378 – ₹382

Stop-Loss Level Below ₹364

🏹 If price shows signs of stabilization above ₹368 with RSI turning upward, a quick bounce is possible. Ideal for low-risk scalpers rather than breakout chasers.

⏱ Already Holding Today? Exit Strategy

Profit-Taking

Exit between ₹378–₹382 if RSI crosses above 43 and MACD flattens.

Volume pickup above 3.5L with bullish candles on lower timeframes is key.

Loss Protection

Exit below ₹364 if RSI dips under 36 or MACD widens downward.

Volume contraction below 2.5L would confirm weakness.

🧠 Final Thought

GICRE is technically muted but fundamentally strong — today’s action might deliver short intraday swings if handled with precision. It's a play for disciplined traders looking for modest moves within tight boundaries.

Curious to explore sharper setups in the insurance or PSU pack? I’ve got a few worthy picks that are showing stronger intraday charts.

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