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 expect a rally to 150 and above that 180. Hold for several weeks.
Rahul Pal (TradingView Moderator)
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Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
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Rahul Pal (TradingView Moderator)
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.