GICRE - Technical Analysis

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

Technical Rating: 3.1

Here’s a detailed technical analysis of General Insurance Corporation of India (GICRE) based on your data and recent market indicators

📉 Trend Overview

Current Price (₹371) is below both the 50 DMA (₹388) and 200 DMA (₹394), indicating a bearish trend.

RSI (39.0): Near the oversold zone, suggesting weak momentum but potential for a technical bounce.

MACD (-3.71): Negative, confirming bearish momentum.

Volume (3.08L) is slightly above average (2.91L), showing active participation, possibly from bargain hunters.

📌 Conclusion: The stock is currently reversing from a previous uptrend and showing signs of weakness.

📊 Momentum Signals

Bollinger Bands: Price likely near the lower band, reinforcing oversold conditions.

Support Zone: ₹360–₹370 (recent swing lows and psychological support)

Resistance Zone: ₹388–₹394 (DMA cluster and previous breakdown level)

🎯 Entry & Exit Strategy

Action Price Range (₹) Rationale

Buy Entry 360–370 Oversold RSI, near support

Target 1 388 50 DMA resistance

Target 2 394–400 200 DMA resistance

Stop Loss 350 Below recent swing low

📌 Additional Insights

P/E (8.77) vs Industry PE (37.2): Significantly undervalued.

PEG Ratio (0.19): Attractive, suggesting value with growth potential.

ROCE (15.6%) & ROE (12.7%): Solid returns, supportive of long-term fundamentals.

Zero debt: Financially sound balance sheet.

FII holding increased, while DII decreased, indicating foreign optimism and domestic caution.

52w Index (14.6%): Near yearly lows, reinforcing reversal setup.

Would you like to compare this with other insurance sector stocks like New India Assurance or ICICI Lombard? Or build a watchlist of undervalued stocks with strong fundamentals and technical bounce potential?

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