NIACL
NIACL: Requested Price ActionOkay, This one is #requested by @sakshisehrawat4192
The chart should tell you everything you need to know. But again, for those who like to read our analysis, Here are a few easy pointers:
- The script is Forming an ascending triangle on a shorter time length
- The ultimate resistance trendline stands strong since 2018
- It is nearing a crucial resistance zone
- The best case would be if it consolidates at the resistance for 4 - 6 weeks and then breaks the resistance.
- A break of it would be a three-in-one breakout i.e. Trendline, triangle, and Resistance zone. This should give a push to the momentum. of course, based on the then price action.
- RSI and MCD are positive indicators
- The PE has Improved a.k.a better valuation
- The first target should be around 140 - 150. Post which it will enter a previous consolidation range making it difficult to draw targets.
- If it continues the upmove the final resistance zone sits at 170-180 levels.
What should we analyze next??
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NIACL Upside LevelAs per my analysis, NSE:NIACL has more potential for upside. Best level to take entry is breakout of 290.50 with stop loss of 275 (-14.50 points risk). Upside level would be 312 (+22.50) & 340 (+50.50). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own analysis to take any trade. Thanks.
SWING IDEA - NEW INDIA ASSURANCE COMPANYthe New India Assurance Company Limited (NIACL) currently presents a compelling swing buying prospect.
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
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@visionary.growth.insights
NIACL DOWNTREND BREAKOUT ON 22/08/20232.5 YEARS OF DOWNTREND BREAKOUT HAPPENED ON 22nd Aug 2023
But i suggested this stock on 6th Nov 2023 at 140 level
Entered at 140
Targets - 155,180,200+
ALL 3 TARGETS DONE WITH IN JUST 15 DAYS ONLY 💥🚀💹 & GIVEN 120 POINTS (85%) IN JUST 20 DAYS...... SKY ROCKING STOCK FROM MY WATCHLIST
CMP - 210.35
Re-entry possible at 200 level... if falls again than average at 180 level
@Jagadheesh_JP
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#IONEXCHANG 584 TGT700:20% SL533 Recommended Buy - Rachit SethiaIONEXCHANG
CMP 584
TGT 700 ++
SL 533
Return ~ 20%
TF 6months
RR >2.2
NSE:IONEXCHANG
#IONEXCHANG
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
IEX cmp 142 TGT 172 Buy Recommendation By Rachit SethiaIEX
CMP 142
TGT 172
SL 130
RR > 2.7
Return ~22%
Timeframe <6m
NSE:IEX
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
The new india Assurance to take long entryThe stock of the NIACL is to take a long entry after the Bo of the marked TL above 110 for the next target of 125-130 with an SL of 98. Stock is at trading a Highly conflux area. BO of the TL will confirm the trend change in the stock & high probability to move from the area. This is for your educational purpose only.
#Vinatiorga #GSFC #GNFC #DEEPAKFERT #StocksToWatch #Tradingtips #VINATIORGA
to break all-time high
NSE: VINATIORGA
CMP: 2137.95
TARGET: 2400
SL: 2000
RR: >2 times
Return > 12%
Timeframe: <6M
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#DELTACORP #NAZARA #CASINO #GOA #TRADINGTIPS #StocksToWatch #nseNSE: DELTACORP
CMP: 232
Target: 290+/++
SL: 211
RR > 3 times
RETURN > 25%
Timeframe < 6M
NSE:DELTACORP and NSE:DELTACORP1!
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
The New India Assurance Company Limited - Just a view 📊 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.
📈 Volume is increasing along with price.
These are positive factors for long on NIACL BUT in RSI script is facing hurdle at 70 level shown in chart. once script crosses hurdle level 70 and all the positive confirmation with all indicators then only one can go for Swing Trade.
BUY ONLY ABOVE RSI 70 LEVEL.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
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Happy learning with trading. Cheers!🥂
NIACL: Rounding bottom patternSl - 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.
NIACLNEW INDIA ASSURANCE COMPANY LIMITED-The stock has violated the trend line on daily chart, however the stock can face a resistance around 117 a 200 dema, so once it will cross and sustain over 200 dema, dual RS is also near 0 line so once it will cross 0 line then the move will be sustainable, first target should be 135.