GICRE - UPSIDE POTENTIAL OF 40%
Hi All,
General Insurance Corporation of India - CMP (406)
Market Cap - 71309 Cr
Stock PE - 10.7
Book Value - 315
Promoter Holding - 85%
EPS - 38
As per the technical pattern on weekly timeframe, price action has formed Bullish Continuation Pattern and is currently trading at lower channel of the trend formation.
An upside of 40% is clearly visible over coming months which is the upper channel of the bullish pattern.
In the current week, price action has broken the horizontal resistance as well confirming the upside in near future.
Relative Strength has also turned positive on all major time frames.
As per fundamentals,
Hope everyone enjoys this trade!
Happy Trading,
Thanks,
Stock-n-Shine
General Insurance Corporation of India - CMP (406)
Market Cap - 71309 Cr
Stock PE - 10.7
Book Value - 315
Promoter Holding - 85%
EPS - 38
As per the technical pattern on weekly timeframe, price action has formed Bullish Continuation Pattern and is currently trading at lower channel of the trend formation.
An upside of 40% is clearly visible over coming months which is the upper channel of the bullish pattern.
In the current week, price action has broken the horizontal resistance as well confirming the upside in near future.
Relative Strength has also turned positive on all major time frames.
As per fundamentals,
Hope everyone enjoys this trade!
Happy Trading,
Thanks,
Stock-n-Shine
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