Insurance stocks are seeing some revival after a prolonged phase of decline. NIACL sees price emerging out of a rounded bottom pattern that has lasted more than six months. A steady pattern of higher highs and higher lows shows that the trend is up. We also see a golden cross where the 50-period Moving average trades above 200 days moving average. On the upside...
New India Assurance Company Ltd is India's largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake. With SL of 110 - buy above 127 ( closure of DCB) for the targets mentioned Market Cap ₹ 20,608 Cr. Stock P/E 207 Book Value ₹ 150 Dividend Yield 0.24 % ROCE 0.67 % ROE 0.68 % Face Value ₹ 5.00 Promoter...
RED HORIZONTAL LINES indicate the resistance and the GREEN HORIZONTAL LINES indicate the support level.
📊 Script: NIACL (THE NEW INDIA ASSURANCE COMPANY LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY FINANCIAL SERVICES 📊 Sector: Financial Services 📊 Industry: General Insurance Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Already Crossover in Double Moving Averages. 📈...
This stock is still stable but it is stuck in a range. I will definitely re-enter after a convincing close above 180. New stock is ICICI Bank, as a fast mover among Financial Sector. (Sharing in a new post)
#NIACL updated harmonic Target: 244 Sl-133 CMP:144 @22 November 2021
Buy NIACL Showing good move with volume Tgts and levels --- SL as given on the charts Please do analyse yourself also on charts. It is for educational purpose only. Must consult your financial advisor before investing.
The new india assurance has crossed the MA80 today and good to buy for 1-2 months .
NIACL is on symantric candle watch can give breakout or breakdow
Sl - 157 In this trending market most of the stocks are making this rounding bottom pattern. But the IMP thing is when to take entry and perfect SL. Everyone must have found out this pattern but the entry is most IMP thing which comes with experience so keep Learning. Queries in comment section.
Head & Shoulder Pattern Formed on weekly chart. It's looking good for long term since volume is too high. If it breaks above 180 then 1st target short term 197 . Long term target 234, 280 It's just suggestion based on my study.
ROUNDING BOTTOM FORMATION ALONG WITH TRENDLINE RESISTENCE BREAKOUT .TGT 182/198
BREAKOUT WITH VOUMES SL 142 DAILY CLOSING TARGET 200-210
If trebdline is broken, enter with target 1 and 2 marked on chart
Channel breakout and retest done, expecting 165 and 200 +