GICRE Future Share Price

Buy GICRE @ 406 with a target of 468 and a stop loss at 375

Duration: 1 month to 3 months

GICRE is presently trading at ₹406, having recently formed a cup and handle pattern with a notable surge in trading volume. This breakout suggests potential further upward movement, with projected price targets set at ₹468. A significant support level is identified near ₹387 on the downside. Furthermore, GICRE is currently trading above key Exponential Moving Averages (EMAs), including the 20-day, 50-day, 100-day, and 200-day EMAs. This indicates robust bullish momentum, signaling the likelihood of sustained upward price action. The Relative Strength Index (RSI) stands at 65, implying an upward trajectory and affirming an increase in buying momentum. To effectively manage risk, it is advisable to establish a stop-loss (SL) at ₹375 to protect the investment against unexpected market reversals. A prudent approach involves considering buying opportunities during market dips at levels around ₹390. In summary, based on technical analysis and prevailing market conditions, GICRE presents a promising buying opportunity for those targeting a ₹468 price objective, contingent upon implementing prudent risk management measures.

Disclaimer: The Information compiled by CEBPL on a best efforts basis from information CEBPL received and believed to be reliable. The information may contain errors or omissions and is subject to change without prior or additional notice. This does not constitute a recommendation or advice by CEBPL, and CEBPL Clients may not rely upon it CEBPL does not warrant that the information provided is accurate, timely, or complete CEBPL Clients are urged to verify the information prior to using it in their investing and trading decisions, including but not limited to, referral to independent financial news resources, company announcements, and regulatory filings or disclosures Investment in securities market are subject to market risks, read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

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