GICRE: Accumulation Near Support Signals Potential Upside

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GICRE: Accumulation Near Support Signals Potential UpsideGeneral Insurance Corporation of IndiaNSE_DLY:GICREmohitdevelopmentsDescription: GICRE appears to have completed a corrective ABC structure and is now showing signs of accumulation near an important support zone. Price has reacted positively from the demand area, suggesting that selling pressure may be weakening while buyers gradually regain control. The current structure indicates the possibility of a fresh bullish phase developing after the recent correction. The ongoing consolidation near support reflects accumulation behavior, while improving price structure increases the probability of continuation on the upside. A sustained move and acceptance above the 392–394 zone would act as a key bullish confirmation and could open the path towards the 437 level. The projected upside aligns with the previous supply area and liquidity resting near prior highs, making it a logical target zone if bullish continuation develops. Trade Plan: Buy Zone: Near current levels Bullish Confirmation: Above 392–394 Stop Loss: Below recent swing low Target Zone: 437 Note: This setup is based on price structure, accumulation behavior, and trend development on the lower timeframe. Proper risk management is essential. #GICRE #ElliottWave #MarketStructure #PriceAction #SwingTrading #NSE