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Charts Suggest Big Upside In NIACL & GICRE, Says Mitesh Panchal – Key Entry Levels Revealed

Charts Suggest Big Upside In NIACL & GICRE, Says Mitesh Panchal – Key Entry Levels Revealed

Shailendra Bhatnagar
Shailendra Bhatnagar
  • New Delhi,
  • Apr 19, 2025,
  • Updated Apr 19, 2025, 1:00 PM IST

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.

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