NIACL trade ideas
THE NEW INDIA ASSU CO LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
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.
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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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60% to 70% Upside. 📊 Stock Breakout Analysis 🚀
Remarkable: A breakout from a 5-year resistance channel has occurred.
Presently at 140, but anticipation of a retest within the range of 120 to 126.
Notable Targets:
🎯 Upper Levels: 165-178 & 222-234.
Anticipated timeline: 12-14 months.
Caution: View becomes invalid if a weekly closing basis dips below 113.
NIACL PSU SECTOR BOTTOM BUYING RISE REWARD IS VERFY GOODNIACL PSU SECTOR BOTTOM BUYING RISE REWARD IS VERFY GOOD. TIME IN LONG TERM 2-5 YEAR
NIACL I stock price are very very attractive for a volume action the big big player in entry and accumulate this is stocks for a bottom.
1. other one is the chart pattern (W) Double bottom and harmonic XABCD pattern this all parameter also the stocks are very very bullish and upside is very very potential in a stocks they are major target in the chart patterns the
2. First target is 319 second target is 575 third target is 893 and final target is 1183 the time duration is all target achieved wait in a 2 and 5 years long term investments because other one is this is stocks are fundamental are very very good .
3. The stocks near to 2018 and they show the balance sheets every year the profit growth is 25% to 30% and the cash reserve is companies very very good and the promoter holding this type of stocks 80 or 90% so the stocks are bullish shortage in the supply so the fast move and upside is target
4. this stocks dividend yield is very very good out of the 5% is show the bulloos bullish sentiment in a stocks
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.