General insurance corporation of India - Retesting Breakout
#GICRE
CMP - ₹.226
Company engaged in the business of reinsurance. 85 % promoter holdings with zero promoter pledge and zero debt. Annual net profits are increasing for last two years. ROCE, ROA,ROE increasing for last two years. Stock is near it's 52 week high with significant volumes. FII's are increasing their shareholdings. Stock is trying to escape from its two year long parallel channel. Also it have a resistance at 240 levels. If it breaks these two then 300 levels can be approachable very soon. Both fundamentally and technically looking good.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
CMP - ₹.226
Company engaged in the business of reinsurance. 85 % promoter holdings with zero promoter pledge and zero debt. Annual net profits are increasing for last two years. ROCE, ROA,ROE increasing for last two years. Stock is near it's 52 week high with significant volumes. FII's are increasing their shareholdings. Stock is trying to escape from its two year long parallel channel. Also it have a resistance at 240 levels. If it breaks these two then 300 levels can be approachable very soon. Both fundamentally and technically looking good.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .