GICRE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.6

📉 GICRE is consolidating with weak momentum signals. Entry near 370–375 ₹ and exit near 410–420 ₹ may suit short-term swing trades.

📈 Technical Analysis

• 📉 Chart Pattern: The stock is forming a sideways channel after a steep decline from its 52-week high of 526 ₹.
• 📉 Moving Averages: Price is hovering around the 50-DMA (379 ₹) and slightly below the 200-DMA (386 ₹), indicating indecision.
• 📉 RSI (44.3): Neutral-to-bearish zone, suggesting weak buying momentum.
• 📈 MACD (2.52): Mild positive crossover, indicating early signs of recovery.
• 📉 Bollinger Bands: Price near mid-band, suggesting consolidation with low volatility.
• 📈 Volume Trend: Current volume (5.78L) is above 1-week average (3.04L), indicating increased interest and potential accumulation.

📍 Entry & Exit Zones

• ✅ Entry Zone: 370 ₹ – 375 ₹ (near support and psychological level)
• 🚪 Exit Zone: 410 ₹ – 420 ₹ (resistance from prior swing highs)

📊 Trend Status

• 🔄 Current Trend: Consolidating
• ⚠️ Bias: Neutral to mildly bullish if MACD sustains and RSI crosses 50

✅ Positive

• Strong quarterly PAT of 1,752 Cr. despite sequential decline.
• Low P/E (9.01) and PEG (0.18) suggest undervaluation relative to earnings and growth.
• Zero debt-to-equity ratio reflects financial stability.

⚠️ Limitation

• Price trading below 200-DMA — weak technical structure.
• RSI and MACD signals are not strongly bullish.
• Quarterly PAT dropped from 2,183 Cr. to 1,752 Cr. — a 69.1% decline.

📉 Company Negative News

• DII holding dropped by 0.19%, indicating reduced domestic institutional interest.

📈 Company Positive News

• Stable FII holding and strong EPS (42.3 ₹) support valuation.
• Volume surge may indicate accumulation near support levels.

🏭 Industry

• General insurance sector remains cyclical but benefits from rising coverage and regulatory support.
• GICRE trades well below industry PE (9.01 vs 45.0), suggesting deep value potential.

🧾 Conclusion

• GICRE is consolidating with weak momentum but attractive valuation metrics.
• Short-term traders may consider entries near 375 ₹ and exits near 420 ₹.
• Long-term investors should monitor earnings consistency and technical breakout signals before adding exposure.

Sources

Trendlyne

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