NSE:NIACL
The trade is SWING TRADE
The stock is at great support zone .
The target is 100
The has consolidated from many days .
This is for educational purpose.
One of the clean chart pattern is witnessed in SBI Life "Inv Head and Shoulder'"
Levels as mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
SBILIFE looks good long trade as a bullish engulfing candle in Daily timeframe demand zone is in progress. Entry 1140-1144 with stoploss of 1104 for targets 1180,1210.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position...
The stock price of EXIDEIND breached the Demand Zone in panic selling and now the price has regained the Daily time frame Demand Zone. Buying at cmp with stop loss of 151.60 for targets 169,183.
Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company recently posted the best QOQ & YOY result and will very likely post a similarly strong result in Q3 too.
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The stock had given a multi-year breakout in May last year after that from September it was in a retracement phase. With the recent breakout of the last Lower High in the daily timeframe, we can...
fundamental analysis-
1. shareholding
73.42% promotor holdings ( unpledged )
17.17% FII investors
4.14% DII investors
almost 95% holdings is in strong hands.
2.performace
56.62% 1 year performance (better than peers)
net sales are better than peers.( Rs.2,755 )
financials are getting quite stronger.
*reason to invest in insurance sector-
Having a look at the...
HDFC LIFE
When insurance is part of life that means now it is essential in everyones life.
i think 90% knows actual value of Insurance in Corona period. and now it becomes need.
Buy at cmp 750
And add on every dip or go with SIP in same stock.
#hdfclifeinsurance potential breakout continuation
broke out of a resistance zone with a wide range bullish candle. Insurance sector is bullish.
stop loss could be below the breakout and entry could be above current candle high for swing trades
momentum and trend is bullish in all timeframes and breakout is likely to continue more.
ICICI Lombard GIC is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of Rs135.92 billion for the year ended March 31, 2020. The company issued over 26.2 million policies and settled over 1.86 million claims as on March 31, 2020.(Source : Company Website)
Check to the chart for more information !!!
small stoploss and huge targets. again with government showing less involvement in insurance sector and further allowance of FDI might trigger a good move. technically the stock is at trendline resistance, once broken it should follow the marked targets.
The stock is clearly visible to be taking support of the 20 and the 50 EMA , one may go long Positional at CMP with a TRAILING STOP LOSS RS 2-4 below the 50EMA line.
HDFC Life has seen a breakout from triangle pattern in weekly timeframe.
We will get aggressive once the stock crosses 700, till then smaller quantities / SIP can be done.
All levels marked on chart.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or...
1. Consolidating in a box having area of 20 points
2. Retracement done from high to low (0.5 fib level)
3. Double Trendline Resistance
4. Decent delivery percentage (around 43% on 14/ 05 /2021)
TWO STRATEGIES :
(1)
Buy above 204 for a near term TARGET OF 215-220
SL - 199 (daily closing basis)
(2)
ACCUMULATE TILL 0.618 fib level.... a good move till 240 can...
Stock has been supported multiple times from the same zone making the zone weaker.
If breaches 660 then can go short.
For swing wait for hourly candle close below 660.
P.S. If taking for swing then do with proper Risk to Reward only since its a very volatile stock and ideally not suited for swing
