📊 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.
📈 ICICI Lombard 📉
My Findings :-
1. Breakout from a DownTrending TrendLine.
2. Close Above March 2022 High.
Bias - Long
Target - 1450, 1536 and 1638
SL - 1270
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your...
I am posting this on request from one of the follower from Twitter.
It gave breakout of 140 level with gap up opening on 11-11-2021. And on 12-11-2021 it sustain above it.
Major breakout level is 150 level. Also on Daily time frame we can see rounding bottom pattern with neckline near to 150 level range.
There will be two...
General Insurance was in a downtrend from the beginning now the price is attempting to brack its long term trendline resistance
Technically, it is making a bullish breakout from the technical pattern of a flag which indicates that bullish momentum can be expected towards 320 levels.
RSI has been in complete sync with the price index which confirms the...
General Insurance is in a Pennant Pattern with a consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may...