SWING IDEA - NEW INDIA ASSURANCE COMPANY
Updated
the New India Assurance Company Limited (NIACL) currently presents a compelling swing buying prospect.
Reasons are listed below :
Target - 300 // 347
StopLoss - daily close below 242
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- After multiple tests in the 250-260 zone, NIACL has successfully breached this critical level, signaling a potential shift in momentum.
- A bullish marubozu candle on the daily timeframe emphasizes the strength of the upward movement, suggesting sustained buying interest.
- Breaking free from a two-month consolidation period, NIACL is poised for a new directional move, indicating a release of pent-up energy in the market.
- The consistent formation of higher highs underscores the stock's upward trajectory, reflecting a positive trend.
- The overall uptrend is evident, providing a favorable backdrop for traders looking to capitalize on potential price appreciation.
- Trading comfortably above both the 50 and 200 exponential moving averages (EMA) signifies a robust position and adds a layer of confidence to the bullish case.
- Increased trading volume during this period supports the validity of the breakout, providing additional confirmation of the stock's upward momentum.
Target - 300 // 347
StopLoss - daily close below 242
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade closed: target reached
1st target donewe got 12.8%
price made a high of 18.5%+
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