Analyzing HeidelbergCement India, TTML, and GIC Re – Digging Deeper!

January 24, 2024
1 min read

TL;DR:

  • HeidelbergCement India: The stock is in an uptrend, with a bullish long-term outlook. Support is at ₹215-200, while resistance is at ₹280-285. A break above ₹285 could take the stock up to ₹340-350 by the end of next year.
  • Tata Teleservices (Maharastra) Ltd (TTML): The stock has seen wild swings and is struggling to breach resistance at ₹107. It is suggested to exit the stock at current levels and consider investing in HeidelbergCement instead.
  • General Insurance Corporation of India (GIC Re): The stock has formed a strong base above ₹100 and is showing a rounding pattern. Immediate support is at ₹340, with a stop-loss at ₹330. Hold the stock until the stop-loss level is hit.

Gurumurthy K provides technical analysis and outlooks for HeidelbergCement India, Tata Teleservices (Maharastra) Ltd (TTML), and General Insurance Corporation of India (GIC Re). HeidelbergCement India is in an uptrend and has a bullish long-term outlook, with support at ₹215-200 and resistance at ₹280-285. TTML has seen wild swings and is struggling to breach resistance at ₹107. It is suggested to exit the stock and consider investing in HeidelbergCement instead. GIC Re has formed a strong base above ₹100 and is showing a rounding pattern. Immediate support is at ₹340, with a stop-loss at ₹330. Hold the stock until the stop-loss level is hit.

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