Generalinsurance
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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Happy learning with trading. Cheers!🥂
ICICI Lombard Chart Analysis !!📈 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
RR- 1:3
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 Financial Advisor Before Taking Any Decision On This Analysis.
Simple Positional Buy Trade Setup | General Insurance [mid term]NSE:GICRE
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.
Trade Setup:
There will be two scenario:
1) It will come down again to test 140 for the support and fill the gap. Once it get support then one can enter the positional buy trade.
Keep SL of 135 for this trade with 1st target of 150 and then on breakout of 150 level above targets will be open.
2) It will immediately give breakout of 150 level and if it sustain above 150 level then one can take positional buy trade with SL of 139.50 and all above level as target.
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Now if you are impatient then you can take positional buy trade from CMP with SL of 139.50 with all above target for short-mid term only.
Please note: This is my personal view. Please consult your financial advisor before any type of investment.
Buy New India InsuranceBuy New India Insurance above 171 Stoploss 159 Target 198 and 220
Formation of Cup & Handle Pattern
General Insurance / Green Flag 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 bullishness.
R:R 1:12
SL 185
Target 1st 320
Target 2nd 430
GICREGICRE At a trendline support and 50% Retracement support of the wave 2-3. Ready to initiate wave 5th.
Chart & Analysis
ADARSH DEY
Buy General Insurance Corporation of India -- Investment IdeaThis analysis is based on weekly Timeframe.
Buy General Insurance Corporation of India -- Investment Idea
Buying Zone 155-175 Buy on Dip.
Stoploss 125 on Closing basis
Target: 280-300
GICRE - Expecting minimum 50% returns 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
🔴DISCLAIMER
***** 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 give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
