Mitesh Panchal shares a bullish technical view on PSU insurance stocks – NIACL (New India Assurance) and GICRE (General Insurance Corporation of India). According to him, both counters are showing signs of a strong technical setup, but key breakout levels need to be watched closely.
For NIACL, Mitesh Panchal sees a breakout above ₹185 on the 15-minute chart could trigger a sharp upside, potentially pushing the stock to ₹220–230. According to him, For GICRE, ₹450 is the key resistance zone. A close above this level opens the door to ₹480 and ₹520 targets. Are these PSU stocks on the cusp of a big rally? Tune in for expert insights and key levels to track before making your next move in the market.