NEW INDIA ASSURANCENew 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 holding
85.4 %
EPS last year
₹ 1.00
EPS latest quarter
₹ 0.20
Debt
₹ 0.00 Cr.
Pledged percentage
0.00 %
Net CF
₹ 805 Cr.
Debt to equity
0.00
OPM last year
0.43 %
OPM 5Year
-0.84 %
Reserves
₹ 23,861 Cr.
Price to book value
0.83
Int Coverage
PEG Ratio
-11.5
NIACL trade ideas
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.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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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.